Accountancy, asked by thagurramavath, 1 month ago

difference between receipt and payment and income and expenditure account​

Answers

Answered by adyav291105
1

Answer:

Receipt and payment account: The balance of receipts and payments account is carried to the next period. Income and expenditure account: The balance of income and expenditure account is not carried to the next period but is added in or deducted from the accumulated.

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Answered by shivkumari81
2

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