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प्रश्न
Give one difference between Receipts and Payments Account and Cash Book.
अंतर स्पष्ट करें
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उत्तर
| S. No. | Basis of Distinction | Receipts and Payments Account | Cash Book |
| 1. | Purpose | To facilitate preparation of Income and Expenditure Account and Balance sheet. | To provide a permanent record of all cash transaction and to know cash balance at the end. |
| 2. | Preparing entity | It is prepared by non-trading organisations only. | It is prepared by both trading and non-trading organisations. |
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