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Is single entry system is still prevailing in this modern world?

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Question added by Nasir Hussain Kumbhar , Sr.Accounting and operation manager , JUBAILI AGROTEC LTD
Date Posted: 2013/09/22
Mukkaram Siddique
by Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

Well It is a system.

We can't say its wrong and we can't take it out of accounts.

When ever we are dealing in the market every one is not accountant to do double entry.

 

so,

 I must say regretfully Yes.

Muhammed Muzammil Munawwar
by Muhammed Muzammil Munawwar , Cost & Gen Accountant & Auditor , PAN KINGDOM POWER COMPANY(PPCO) A Group of Saudi Holding Company

Yes some of the SSI following in the KSA as there is no Tax System no good educated staff.

sasibhooshan pournami
by sasibhooshan pournami , Finance Manager , COMAT INDUSTRIES LLC

its depends

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