Single-Entry Bookkeeping

Single-Entry Bookkeeping
A bookkeeping system that records only one aspect of each transaction, either a debit or a credit. Unlike double-entry bookkeeping, it does not balance. Single-entry bookkeeping is simpler and often used by small businesses.
Single-Entry Bookkeeping
Single-entry bookkeeping is an accounting system that records each transaction only once, without balancing debits and credits.

Accounting Terms Lexicon

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