Income and expenditure account is more informative than receipts and payments account because it discloses? by Sunday | Dec 8 | Accounting JAMB | 0 comments A. cash B. cheques C. debtors D. stocks Correct Answer: Option C – debtors Users Also Read These:Which of the following items is not contained in the…The summary of receipts and payments account represent?The income and expenditure account differs from…The principle which prevents an insured from…The balance of the receipts and payments account is?