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What is receipt and payment account

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What is receipt and payment account

Posted by Aditya Yadav 5 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Goshmi Abrol 5 years, 7 months ago

It is a summary of all cash and bank receipts and payments . All the receipts are debited and all payments are credited, irrespective of the period to which they belong.if the money is received or paid in the current year it is a part of receipts and payments account . Non cash items are not recorded.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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