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What is the limitation of receipts and payment ... - SS2 Accounting Receipts And Payment Account: Features And Limitations Question

What is the limitation of receipts and payment accounts?

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.

correct option: c
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