Accountancy, asked by subassr3174, 6 months ago

What is the process to follow when converting Receipt and Payment account to an Income a

Answers

Answered by ravinedrop07
1

Explanation:

The following steps should be carefully followed to convert the receipt and payment account to an income and expenditure account.

Exclude the opening cash and bank balance and similarly the closing cash and balances.

Eliminate all items of capital receipts and payments.

Answered by rakeshkumar197488
0

Answer:

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