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The limitations of the receipts and payments account arise mainly because of the reliance on?

Accounts - Principles of Accounts
JAMB 1998

The limitations of the receipts and payments account arise mainly because of the reliance on?
  • A. cash movement as evidence of transaction
  • B. the acconuting officer to report
  • C. the capital account of the organization
  • D. the transaction papers as evidence of transaction
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Correct Answer: Option A
Explanation
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789