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What is the difference between Receipt & Payment Account
and Income & Expenditure Account?
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Answer Posted / poorna
R&P is just like cash account,and Receipt and payment
accounts are maintained by NON
trading,Profession,individuals
concern and I & E is just like P&L Account I&E are
maintained
by trading concern.
| Is This Answer Correct ? | 40 Yes | 25 No |
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