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Commerce · Q1786

Accounting

Graduate and Post Graduate · Commerce · question 1786

Q1786

Receipt and payment account record transactions of:

A.
Revenue receipts and payments only
B.
Capital receipts and payments only
C.
All receipts and relating to the current year only
D.
All receipts and payments relating to the current year, succeeding year as well as preceding year
Answer

Answer: Option D

Solution

Answer: Option D
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