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WAEC Accounting 2017 Objective — Question 28

Question 28 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.

28. A disadvantage of single entry system of book-keeping is that

A. A. the profit for the period is reduced
B. B. it is difficult to determine profit for the periodCorrect
C. C. total sales for the period is reduced
D. D. the owner withdraws money from the enterprise

Explanation

From a single entry, the profit made cannot be determined accurately.

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