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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
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.
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 is a _____ account.
Give two/three uses of Receipts and Payments Account.
Give one difference between Receipts and Payments Account and Cash Book.
Mention any two features of Receipts and Payments Account.
What is Receipts and Payments Account?
