What are the objective of receipt …

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Posted by Rohit Kumar 5 years, 9 months ago
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Yogita Ingle 5 years, 9 months ago
Objective Receipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditureaccount is prepared to show the net result of the operation during the period to derive surplus or deficit.
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