Explanation:

Certainly! Let's break down each of the options:

- Option 1: Outstanding Salary

- This is a liability, reflecting salaries that are due but not yet paid. It's not included in the Receipts and Payments Account because this account records only cash transactions.

- Option 2: Depreciation

- Depreciation is a non-cash expense showing the reduction in value of assets. It doesn't appear in the Receipts and Payments Account since it involves no actual cash flow.

- Option 3: Life Membership Fees

- These are cash receipts typically received from members, and thus, they are recorded in the Receipts and Payments Account.

- Option 4: Accrued Subscription

- This represents subscriptions due but not yet received. It's not recorded in the Receipts and Payments Account as it involves no cash movement.