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The summary of receipts and payments account represent?

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Accounts - Principles of Accounts JAMB 2010

The summary of receipts and payments account represent?

  • cash at hand checkmark
  • journal proper
  • general journal
  • ledger accounts

The correct answer is: A

Explanation

 A receipts and payments account is a summary of actual cash receipts and payments extracted from the cash book over a certain period.  It represents the actual cah at hand

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