In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of

Accounts - Principles of Accounts

WAEC 2017

A. Profit and Loss Accounts
B. Income and expenditure Accounts
C. Cash Book
D. Balance Sheet

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Correct Answer: Option C

Explanation

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In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of

Correct Answer: Option C

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