Question on: SS2 Accounting - Receipts And Payment Account: Features And Limitations
What is the limitation of receipts and payment accounts?
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A
They provide detailed information on the organization's financial position.
B
They are suitable for all types of organizations, regardless of size or complexity.
C
They do not provide information on non-cash transactions.
D
They are the only financial statement needed for all organizations.
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Correct Option: C
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