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Question

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



A
payments
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B
receipts
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C
gains
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D
losses
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Solution

The correct option is A payments
All cash receipts during the whole year are recorded on its left hand (i.e., debit) side. While all the cash payments during the whole year written on its right hand (i.e., credit) side.

Accountancy

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