Receipts and Payments A c is a summary of mdash ........

General Accounting Principles Not for profit organisation

Receipts and Payments A/c is a summary of—

All Capital Receipts and Payments

All Revenue Receipts and Payments

All Revenue and Capital Receipts and Payments

None of the above

All Revenue and Capital Receipts and Payments are shown in Receipt & Payment account, it is just like a cash book

Submit Error

question number 17 and 19 are contradictory. Its regarding Capital Receipts, Here Ans should be all receipts and payment(revenue nature) B

Ankur sharma

this answer is right, receipts of revenue nature are shown in Income & expenditure A/c