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प्रश्न
Receipts and payments account is a _________.
विकल्प
Nominal A/c
Real A/c
Personal A/c
Representative personal account
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उत्तर
Receipts and payments account is a Real A/c.
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संबंधित प्रश्न
Fees paid by persons to become members of a ‘Not for Profit’ concern.
Receipt and Payment account is a ______ account.
State whether the following statement is True or False with reasons.
There is no difference between Receipts and Payments Account and Income and Expenditure Account.
Balance of receipts and payments account indicates the _________.
Give four examples for capital receipts of the not-for-profit organisation.
Give four examples for revenue receipts of the not-for-profit organisation.
What is the nature of the Receipt and payment Account?
How would you treat the following item in the case of a 'not-for-profit' organization?
"Prize Fund Rs.22.000. Interest on Prize fund Investments Rs.3.000. Prizes are given Rs.5.000. Prize fund Investments Rs.18.000.
Consider the following statements
Statement 1 - "Receipt and Payment Account records the receipts and payments of revenue nature only".
Statement 2 - "Receipt and Payment Account records the receipts and payments of revenue nature and capital nature".
Mumbai University prepares ______ Account instead of a Profit and Loss account.
