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Receipts and payments account is prepared on?
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Receipts and payments account is prepared on?
Receipts and payments Account is prepared on cash basis of accounting. It is a summarized cash book. All the cash receipts during the whole year is recorded on debit side. All the cash payments during the whole year is recorded on credit side.
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Receipts and payments account is prepared on?
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Receipts and payments account is prepared on? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Receipts and payments account is prepared on? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Receipts and payments account is prepared on?.
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