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Which of the following statement is false regarding receipt and payment accounta)Give fair idea of earned positionb)Based on accrual basisc)Records all transactions without distinguishing among current , previous and succeeding accounting periodsd)An assets accountCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following statement is false regarding receipt and payment accounta)Give fair idea of earned positionb)Based on accrual basisc)Records all transactions without distinguishing among current , previous and succeeding accounting periodsd)An assets accountCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statement is false regarding receipt and payment accounta)Give fair idea of earned positionb)Based on accrual basisc)Records all transactions without distinguishing among current , previous and succeeding accounting periodsd)An assets accountCorrect answer is option 'B'. Can you explain this answer?.

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