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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
Write one Word/Term/Phrase for the following statement.
All such receipts which are non-recurring in nature and not forming a part of regular flow of income.
Donation for Scholarship Fund is ______.
The closing balance of Receipts and Payments account usually represent _______.
State whether the following statement is True or False with reasons.
Purchases of Sports Equipments is a Capital Expenditure.
From the following information, prepare the Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31st March, 2019.
| Particulars | ₹ | Particulars | ₹ |
| Opening cash balance (1.4.2018) | 11,000 | Interest and bank charges | 250 |
| Bank overdraft balance (1.4.2018) | 20,000 | Miscellaneous income | 350 |
| Stationery purchased | 5,200 | Upkeep of ground | 550 |
| Travelling expenses | 1,800 | Grant from Government | 12,000 |
| Dividend received | 3,000 | Telephone charges paid | 2,800 |
| General expenses | 500 | Endowment fund receipts | 10,000 |
| Admission fees | 4,000 | Insurance premium paid | 2,000 |
| Courier charges | 2,000 | Electricity charges paid | 5,000 |
| Municipal taxes paid | 3,000 | Closing cash balance (31.03.2019) | 1,750 |
Complete the following sentence.
"______ donations are to be utilized to promote the general purpose of the organization".
Donations received for a special purpose ______
The amount received from the sale of grass by a club should be treated as ______
A school purchased a furniture for ₹ 80,000 and spent ₹ 1,200 for carriage. The furniture should be capitalised for:
Find the incorrect pair from group A and B.
