Asked by Dominique Dickenson on Jun 04, 2024

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​Detection of errors and fraud are more visible

A) ​advantage of double-entry system over the single-entry system
B) ​characteristic of the single-entry system

Double-entry Bookkeeping

An accounting method where every entry to an account requires a corresponding and opposite entry to a different account.

Detection of Errors

The process of identifying and correcting mistakes in data, calculations, or processes to ensure accuracy and reliability.

Fraud Visibility

The measure of how easily fraudulent activities or anomalies can be detected within a system or process.

  • Gain insight into the superiority of the double-entry bookkeeping system compared to the single-entry system.
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HL
Hector LionelJun 06, 2024
Final Answer :
A
Explanation :
The double-entry bookkeeping system, by requiring every transaction to be recorded in at least two accounts, inherently provides a cross-checking feature that enhances the visibility of errors and fraud compared to the single-entry system, which does not systematically provide this level of verification.