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Commerce · Q2512

Accounting

Graduate and Post Graduate · Commerce · question 2512

Q2512

Which of the following items should be entered in the receipts and payments account of a club? I. Sale of old newspapers II. Loss on sale of some asset III. Payments for investment Select the correct answer using the options given below

A.
I, II and III
B.
I and III
Answer
C.
I and II
D.
II and III

Answer: Option B

Solution

Answer: Option B
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