Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 19 - No. 10)
When preparing a Receipts and Payments account, which items would NOT be included?
Cash received from donations.
Cash paid for expenses.
Depreciation expense.
Cash received from subscriptions.
Explanation
Depreciation expense is a non-cash expense and does not impact the receipts and payments account.
Comments (0)
