Single-entry accounting systems record the flow of income and expenses in a running log and allow the small business owner to produce
A) An income statement
B) A balance sheet
C) A statement of cash flows
D) Monthly statements

Question

Quizplus · Accepted Answer

The Answer of Single-entry accounting systems record the flow of income and expenses in a running log and allow the small business owner to produce
A) An income statement
B) A balance sheet
C) A statement of cash flows
D) Monthly statements

Single-Entry Accounting Systems Record the Flow of Income and Expenses