Income and expenditure account is more detailed than rece...
Income and expenditure account is more detailed than receipts and payments account because it disclosed
Cash
Cheques
Debtors
Stocks
Correct answer is C
The income and expenditure account unlike the receipts and payments takes records of accruals and prepayment
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Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
Which of the these entries is wrong PURCHASES ACCOUNT \(\begin{array}{c|c} & N & &...