The quasi single entry system is a type of single entry bookkeeping system where, in addition to maintaining personal accounts and the cash book, some subsidiary books such as sales book, purchases book, bills receivable book, and bills payable book are also maintained. This system is more detailed than pure or simple single entry systems but still does not follow the full double- entry accounting principles. It records discounts in personal accounts and provides a more comprehensive record of transactions compared to simpler single entry methods
. In summary, quasi single entry system includes:
- Maintenance of personal accounts (debtors and creditors)
- Maintenance of cash book
- Maintenance of some subsidiary books (e.g., sales, purchases, bills receivable/payable)
- Recording of discounts in personal accounts
This system is often used by small businesses that want more detailed records than pure single entry but do not maintain a full double entry system
