Receipts & payments account is a summary of ___

Cash book

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Profit & loss account

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Balance sheet

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None of these

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Solution

The correct option is A
Cash book

Receipts and payments account is a summary of cash book

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Similar questions

The receipts and payments account is the summary of cash and bank transactions which helps in the preparation of ___

The receipts and payments account is the summary of cash and bank transactions which helps in the preparation of _____________.

Distinguish between Receipts and Payments Account and Cash Book.

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