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What is NOT a feature of the Receipts and Payments Account?a)It starts with opening cash and bank balances.b)It includes non-cash items like depreciation.c)It records receipts and payments of all periods.d)It ends with closing cash and bank balances.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is NOT a feature of the Receipts and Payments Account?a)It starts with opening cash and bank balances.b)It includes non-cash items like depreciation.c)It records receipts and payments of all periods.d)It ends with closing cash and bank balances.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is NOT a feature of the Receipts and Payments Account?a)It starts with opening cash and bank balances.b)It includes non-cash items like depreciation.c)It records receipts and payments of all periods.d)It ends with closing cash and bank balances.Correct answer is option 'B'. Can you explain this answer?.

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