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प्रश्न
Write any two features of the Receipt and Payment Account.
उत्तर
Features of the Receipt and Payment Account:
- It's an overview of the cash book.
- It's a genuine account.
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संबंधित प्रश्न
The objective of preparing a ______ account is to find out the cash position of the organization.
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.
The primary objective of preparing this Account is to find out the cash position, opening and closing balances of cash in hand and at bank.
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).
Its balance at the end shows the cash in hand and at bank (or overdraft) at the end of the year.
Receipt and Payment account is a _____ account.
Give one difference between Receipts and Payments Account and Cash Book.
Mention any two features of Receipts and Payments Account.
