JAMB - Accounts Principles Of Accounts (2010 - No. 27)

The summary of receipts and payments account represent?

cash at hand

journal proper

general journal

ledger accounts

Explanation

A receipts and payments account is a summary of actual cash receipts and payments extracted from the cash book over a certain period. It represents the actual cah at hand

JAMB - Accounts Principles Of Accounts (2010 - No. 27)

Explanation

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