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प्रश्न
Receipt and Payment account is a _____ account.
पर्याय
Real
Nominal
Personal
Trading
उत्तर
Receipt and Payment account is a Real account.
Explanation:
A Receipt and Payment Account is a real account. Real accounts deal with assets and liabilities, and the Receipt and Payment Account is essentially a summary of all cash and bank transactions
APPEARS IN
संबंधित प्रश्न
The objective of preparing a ______ account is to find out the cash position of the organization.
Write any two features of the Receipt and Payment Account.
State five uses of Receipts and Payments account.
In receipt and payment account opening balance of cash in hand, cash at bank and all cash receipts are shown on the ______ side.
All cash payments are recorded on the ______ side of the receipt and payment accounts.
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).
Give two/three uses of Receipts and Payments Account.
A receipts and payments account is a nominal account. Justify a reason either for or against.
What is Receipts and Payments Account?
