Income and expenditure account is more detailed than receipts and payments account because it disclosed

Income and expenditure account is more detailed than receipts and payments account because it disclosed
  • A.
    cash
  • B.
    cheques
  • C.
    debtors
  • D.
    stocks
Correct Answer: Option C
Explanation

the income and expenditure account unlike the receipts and payments takes records of accruals and prepayment

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