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प्रश्न
All cash payments are recorded on the ______ side of the receipt and payment accounts.
विकल्प
Credit
Debit
Both Credit and Debit
None of these
उत्तर
All cash payments are recorded on the Credit side of the receipt and payment accounts.
APPEARS IN
संबंधित प्रश्न
It is a summary of cash transactions. It is prepared to ascertain the cash balance at the end of the accounting year.
In receipt and payment account opening balance of cash in hand, cash at bank and all cash receipts are shown on the ______ side.
It alerts the management of a non-trading organisation about decline in cash receipts and increase in cash payments.
Receipt and payment account has the following limitation(s).
It contains both capital and revenue items.
Receipt and Payment account is a _____ account.
Give two/three uses of Receipts and Payments Account.
Give one difference between Receipts and Payments Account and Cash Book.
A receipts and payments account is a nominal account. Justify a reason either for or against.
Mention any two features of Receipts and Payments Account.
