by whom reciept and payment account is made.
Dear Student
Receipt and Payment account and Income and Expenditure accounts are maintained in the accounts of Non-Profit Organizations.
It is same as cash account but due to provisions of law, it is called Receipt and payment account.
Regards
Receipt and Payment account and Income and Expenditure accounts are maintained in the accounts of Non-Profit Organizations.
It is same as cash account but due to provisions of law, it is called Receipt and payment account.
Regards