Receipts and payment account is a summary of ______

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• Which of the following statements is/are true? (i) Drawings Account is a Nominal Account (ii) Capital Account is a Real Account (iii) Sales Account is a Nominal Account (iv) Outstanding salaries account is a Nominal Account (v) Patents Account is a Personal Account
• ) A Receipts and Payments Account is nothing but a summary of all capital receipts and payments.
• The receipts and Payments account records receipts and payment of
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• Receipts and payment accounts includes all receipts and payments of
• Receipts and payment accounts records all receipts and payments of
• Receipts and Payment A/c is a summary of
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• Receipts and payment account is a ________ account
• Receipts and payment accounts, I & E account and balance sheet are the financial statement of