Receipts and payment accounts includes all receipts and payments of

Related MCQs

• Receipts and payment accounts records all receipts and payments of
• ) A Receipts and Payments Account is nothing but a summary of all capital receipts and payments.
• Match List I (Financial Statements and Accounts) with List II (special matters associated with statements and accounts) and select the correct answer using the codes given below the lists: List I List II i) Receipts and Payments Account I. Revenue ii) Income and Expenditure Account II. Cash iii) Club subscription received in III. Liability Advance Account Codes:(i) (ii) (iii)
• The receipts and Payments account records receipts and payment of
• Which of the following statements is/are true? (i) Cash Book records all cash receipts and cash payments (ii) Cash Book records all sale and purchase transactions of goods both in cash and on credit (iii) Cash Book records discount on Cash Payments
• While preparing the final a accounts of non trading concerns where do you show receipts and payments of special nature
• Opening balance of Receipts and Payments accounts in the credit side shows
• Receipts and payment accounts, I & E account and balance sheet are the financial statement of
• Income & Expenditure A/c shows subscriptions `10,000; Subscriptions accrued in the beginning of the year and at the end of the year were `1,000 and `1,500 respectively. The figure of subscription received appear in receipts and payments account will be:
• Balance of receipts and payments account represents