Select the single best answer: A. to determine the profit or losses of the agency B. to determine whether the services were rendered within the limitations of the funds provided for the financing of services C. to determine whether the taxes provided for under low have been properly collected D. to determine the assets of the community so that expenditures may be made or curtailed with reference to them Which of the following refers to bookkeeping entries that are classified by accounts? Select the single best answer: A. trial balance B. ledger C. control account D. double entry bookkeeping system Which of the following is a major disadvantage of single entry bookkeeping? Select the single best answer: A. it is difficult to maintain on a daily basis OB. it is too detailed to understand by most accountants C. It does not determine net profits D. it does not provide an adequate picture of the business