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Question
______ records all cash transactions whether they belong to the current year, previous year or future year.
Options
Profit & Loss Account
Income & Expenditure Account
Receipts & Payments Account
Personal Account
MCQ
Fill in the Blanks
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Solution
Receipts & Payments Account
Explanation:
The Receipts and Payments Account records all monetary transactions, whether from the current, previous, or future year.
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