Question

give two objective of preparing a receipts and payment account ? ​

Answer 1

Answer:

Objective Receipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.

Can you mark it as brainliest and follow

Answer 2

Explanation:

Objective Receipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.

PLEASE MARK IT AS A BRAINLIST ANSWER..