Receipts and Payment A/c is a summary of

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
• Receipts and payment account is a summary of ______
• Receipts and Payments A/c is a summary of: Sol:
• Receipts and payment accounts, I & E account and balance sheet are the financial statement of
• (i) Salaries as per Income and Expenditure Account Rs.1,500 (ii) Salaries paid in advance in previous year Rs.700 (iii) Salary outstanding at the end of current year Rs.300 (iv) Salary outstanding at the end of previous year Rs.800 From the above information given, the amount of salaries to be shown in Receipts and Payment Account can be valued at
• Receipts and payment account contains
• Receipts and payment account is a ________ account