Receipts and Payments A/c is a summary of: Sol:

Related MCQs

• ) A Receipts and Payments Account is nothing but a summary of all capital receipts and payments.
• Receipts and payment accounts includes all receipts and payments of
• Receipts and payment accounts records all receipts and payments of
• 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
• A Receipts and Payments Account record only non-cash items. Sol:
• Out of the following items, which one is shown in the Receipts and Payments Account? Sol:
• Receipts and Payments Account usually indicates: Sol:
• Receipts and Payments Account is a : Sol:
• Receipts and payment account is a summary of ______