All ________ are shown on the right hand side i.e. credit side of receipts & payments account.

Receipts

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Payments

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Either A or B

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None of these

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Solution

The correct option is B
Payments

All payments are shown on the right hand side i.e. credit side of receipts & payments account.

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Similar questions

All of cash nature are shown on the right-hand side, i.e. credit side of receipts & payments account.

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Receipts and Payments A/c is a summary of -

Receipts and Payments A/c is a summary of ___

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