Question

Receipt and payment account is

Answer 1

Answer:

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Explanation:

A receipts and payments account is a summary of actual cash receipts and payments extracted from the cash book over a certain period. All cash received and paid during the period whether capital or revenue is included in this account.

Answer 2

Answer:

A receipt and payment account is a summary of actual cash receipts and payments extracted from the cash book over a certain period.All cash received and paid during the period where capital or revenue is included in this account.

Explanation:

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