Advertisements
Advertisements
प्रश्न
Receipts and payments account is a _________.
विकल्प
Nominal A/c
Real A/c
Personal A/c
Representative personal account
Advertisements
उत्तर
Receipts and payments account is a Real A/c.
APPEARS IN
संबंधित प्रश्न
Write the word/phrase/term, which can substitute the following sentence.
All such receipts which are non-recurring in nature and not forming a part a regular flow of income.
Credit side of Receipts and Payments Account shows cash ______.
Answer in one sentence only.
What is Receipts and Payments Account?
Find odd one:
Give four examples for revenue receipts of the not-for-profit organisation.
Life membership fees are treated as which type of receipt and is directly credited to the capital fund?
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".
Fund Based Accounting is classified under:
(i) Unrestricted funds
(ii) Fixed assets funds
(iii) Restricted funds
(iv) Annuity funds
Features of Income and Expenditure are:
(i) No opening or closing balance
(ii) Prepared on an accrual basis
(iii) Records only Revenue Items
(iv) Relevant only to the current year
Payment of Honorarium of Secretary is a ______.
