The major difference between the receipt and payment acco...
The major difference between the receipt and payment account and the income and expenditure account is that while the former.
Is kept by the treasurer, the latter is not
Deals with all receipts and payments in the year regardless of the time it relates to, the latter is for just that year
Is a T-account, the latter is not
Is not in the ledger, the latter is
Correct answer is B
No explanation has been provided for this answer.
Jejelaye Plc stock records for 2009 was given below: Jan 1 received 100 units at N1.00 Jan 8 rec...
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Excess of current assets over current liabilities is ...
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An item in the balance sheet of a limited liability company is ...
The maximum amount which a company is allowed to raise through the sale of shares is ...
Which of the following is not a balance sheet item? ...
A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit ...