Write any two differences between receipts and payments account and ca – InterviewSolution

1.

Write any two differences between receipts and payments account and cash book.

Answer»

Base of Difference	Receipts & Payments A/c	Cash Book
Basis	It is prepared on the basis of cash book.	It is prepared on the basis of each cash receipt and cash payment.
Period	It is prepared at the end of accounting year. In other words, it is a summary of cash book.	It is prepared on daily basis.

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