Multiple Choice Questions on Receipt and payments account is a summary of ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Receipt and payments account is a summary of ........

Accountancy ( 12th) Accounting for Not-for-Profit Organisation
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    Receipt and payments account is a summary of

    Debit & Credit balance of Ledger account

    Incorrect Answer

    Cash receipts & payment

    Correct Answer

    Income and Expenses

    Incorrect Answer

    A balance of assets and liabilities

    Incorrect Answer
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    Explanation:

    Cash receipts & payment

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