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Counting and ReportingDistinction between Receipts and Payments Account and Cash Book​

Answer» RECEIPTS & payments : Receipts and payments account is a PERIODICAL account which is prepared at the end of a CERTAIN period which is usually one year. A Cash Book is a TYPE of subsidiary book where cash (or) bank receipts and cash (or) bank payments MADE during a period are recorded in a chronological order.Explanation:Hope it helps u #keep smiling :)


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