Receipt and payment account is equivalent to
Answers
Answered by
0
Answer:
Receipt and payment is equivalent to cash book
Answered by
3
Answer:
"A receipt and payment account is a summarized cash book (cash and bank) for a given period". "This is simply a summary of the cash transactions as in the cash book, analyzed and classified under suitable headings, including the opening and closing balances".
Hope it's helpful for you mate
Please follow me
and please mark it as a brainlist
❣❣❣❣❣❣❣❣❣❣❣❣❣❣
Similar questions