JAMB - Accounts Principles Of Accounts (2010 - No. 26)

The equivalent of a club's receipts and payment account is the?

trading account

revenue account

cash account

suspense account

Explanation

A receipts and payments account is a summary of actual cash receipts and payments extracted from the cash book over a certain period. Its equivalent is a cashbook

JAMB - Accounts Principles Of Accounts (2010 - No. 26)

Explanation

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