Regarding receipts & payments account....
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2014
a welfare association has given Rs. 1,00,000/- in cash as advance, is this to be shown on payment said of Receipts and Payments A/C
29 March 2014
yes it would reflect as a payment in the receipts and payments account.
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