Jerry1709 Jerry1709

07-06-2022
Business

contestada

reason why depreciation amount does not include in the receipts
and payments account.

Respuesta :

prudencemwaura prudencemwaura

07-06-2022

Answer:

Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.

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