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प्रश्न
Receipts and payments account is a _________.
पर्याय
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.
Write the word/phrase/term, which can substitute the following sentence.
Accounts which records only cash transactions in case of Not for Profit Concern.
What is receipts and payments account?
Complete the following sentence.
"______ donations are to be utilized to promote the general purpose of the organization".
Assertion (A): The Subscription received during the year is recorded in the Receipts and Payments Account.
Reason (R): Receipts and Payments Account records all the cash transactions whether pertaining to the current year or the previous year.
Fund Based Accounting is classified under:
(i) Unrestricted funds
(ii) Fixed assets funds
(iii) Restricted funds
(iv) Annuity funds
The nature of Receipts and Payments Account is ______.
Identity the type of fund stated below:
'Himanshu Club has a fund which can only be used for the distribution of prizes.'
The amount received from the sale of grass by a club should be treated as ______
If a general donation of smaller amount is received by a school, that donation will be shown on ______.
