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Receipt and payments account is a real account just like cash account. Its prepared at the end of the year. All receipts are recorded on the debit side and expenses on the credit side. It is basically a summary of cash book, it records all cash transactions of all nature revenue and capital.
<h3>What is receipt and payment account ?</h3>
Receipts and payments accounts are created using a simple form of accounting that summarises all monies received and paid via the bank and in cash by the charity during its financial year, along with a statement of balances.
- The difference between receipts and payments represents the balance of cash in hand or at bank (or bank overdraft at the closing date). Income and expenditure account: The difference between income and expenditure represents either surplus or deficit balance.
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Answer: This person could have smoke build up in their lungs.
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<em>In this scenario, Anita is most likely suffering from</em> nutritional toxicity.
A placebo experiment is one that does no harm or good. A lot of the time researchers will have a. placebo group and a another control group with the actual treatment. The key in placebo is that no one knows if they have it or not. C
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