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How is income and expenditure account is prepared from receipts and payments account explain.

Posted by Rohit Kumar 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Anubhav Saxena 4 years ago

Just crosspost items of income and expenditure A/c in receipt and payment U will be able to prepare it And always remember if closing balance of cash is not given in R&P A/c then There will be balance c/d in the answer

1Thank You

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