​Only the revenues and expenses are totaled,not individual values of each one

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

Double-entry Bookkeeping

An accounting practice where every financial transaction is entered as both a debit in one account and an equivalent credit in another, ensuring the books are always balanced.

Revenues and Expenses

Financial terms referring to the income generated from business activities (revenues) and the costs incurred (expenses) during a specified period.

Single-entry System

An accounting method where each transaction is recorded with a single entry to the financial records.