Question

recipient and payment account is prepared on?​

Answer 1

Explanation:

Receipt and payment account is an abridged cash book for a furnished period of time. This is a synopsis of the transactions in the form of cash in cash book. This account is prepared on the foundation of the data obtainable from the cash book.

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Answer 2

Answer:

recipient and payment account is prepared on cash basis of counting.it is a saturated cash book. all the cash receipt during the whole year is recorded on debit side. all the cash payments during the whole year is recorded in a credit

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