Income and expenditure account is more detailed than receipts and payments account because it disclosed?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. cash
B. cheques
C. debtors
D. stocks

Correct Answer:

Option C – debtors

Explanation

The income and expenditure account unlike the receipts and payments takes records of accruals and prepayment

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