Question

The primary objective of preparing this Account is to find out the cash position, opening and closing balances of cash in hand and at bank.

विकल्प

• Receipts and Payments Account

• Income and Expenditure Account

• Balance Sheet

• None of these

Answer 1

Receipts and Payments Account

Explanation:

The primary objective of preparing this Account is to find out the cash position (opening and closing balances of cash in hand and at bank) and to show the receipts and payments under different heads for the accounting year.