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What is the difference between Receipt & Payment Account
and Income & Expenditure Account?
- 9 Answers
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- Accounting, Barclays, ICICI, Tarasons Communications, TATA, I also Faced
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Answer Posted / indra
receipts is we receive cash from customer against sales or
service etc. X Payment is we pay to Vendors for purchase or
service etc.
Income is Profit X Expenditure is All Expencess
| Is This Answer Correct ? | 10 Yes | 12 No |
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