Income and expenditure account is more detailed than rece...
Income and expenditure account is more detailed than receipts and payments account because it disclosed
Cash
Cheques
Debtors
Stocks
Correct answer is C
The income and expenditure account unlike the receipts and payments takes records of accruals and prepayment
When the debit side total of an account, it means that the account has ...
Which of the following is accounted for in receipts and payments account? ...
A statement that measures the performance of a business over a period of time is the ...
Which of the following is not an administrative expenses in a manufacturing organization? ...
The balance in a sales Ledger Counter Account indicates the ...
The quality of output information depends on the ...
At the end of a financial period, the trading profit and loss account of a sole trader shows...