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What is the difference between Receipt & Payment Account
and Income & Expenditure Account?
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Answer Posted / narasimhaprasad
Receipts and payments all are revenue in nature, which all
clubbed Receipts & payments called Income & Expenditure is
Capital in nature,
all receipts / payments can be apart in income/expenditure
but not all incomes/ expenditures are part in receipts
/payments. thats all..
| Is This Answer Correct ? | 7 Yes | 17 No |
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