Accountancy, asked by cutegirl1221, 1 year ago

what is receipts and payment account????

Answers

Answered by ramankushwaha2

Answer:

Explanation:

A receipt and payment account is a summarized cash book (cash and bank) for a given period". or. "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

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