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प्रश्न
In receipt and payment account opening balance of cash in hand, cash at bank and all cash receipts are shown on the ______ side.
पर्याय
Credit
Debit
Both Credit and Debit
None of these
उत्तर
In receipt and payment account opening balance of cash in hand, cash at bank and all cash receipts are shown on the Debit side.
APPEARS IN
संबंधित प्रश्न
The objective of preparing a ______ account is to find out the cash position of the organization.
State five uses of Receipts and Payments account.
It is a summary of cash transactions. It is prepared to ascertain the cash balance at the end of the accounting year.
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.
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 two/three uses of Receipts and Payments Account.
Mention any two features of Receipts and Payments Account.
What is Receipts and Payments Account?
