Explanation:

A Receipts and Payments Account is typically prepared by entities that focus on recording cash transactions over a period:

- Option 2: Non-trading concerns - Correct. Non-trading entities such as clubs, charities, and non-profit organizations commonly use Receipts and Payments Accounts to provide a summary of cash transactions, highlighting both inflow and outflow. Correct Answer

- Option 1: Trading concerns - Generally prepare a Profit and Loss Account and Balance Sheet.

- Option 3: Manufacturing concerns - Similar to trading concerns, they usually prepare financial statements like Profit and Loss Accounts.

- Option 4: Companies registered under Companies Act - Required to prepare comprehensive financial statements, including the Balance Sheet and Income Statement, rather than a simple Receipts and Payments Account.