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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