Accountancy, asked by komalmeena2482000, 5 months ago

receipts and payments account is a

Answers

Answered by Itzkrushika156

7

Explanation:

Receipt and payment account functions as a summary of cash payments and receipts of an organisation during an accounting period. ... Receipt and payment account does not include any non-cash transactions such as depreciation. The Receipt and payment account is prepared at the end of an accounting period.

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