Receipts and payment account shows ___________.

income and expenditure

No worries! We‘ve got your back. Try BYJU‘S free classes today!

cash receipts and payments

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

assets and liabilities

No worries! We‘ve got your back. Try BYJU‘S free classes today!

profit on sale

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B cash receipts and payments
Receipts and payments account is prepared by taking the information from cash book. It records all the cash receipts and payments including revenue and capital.

Suggest Corrections

Similar questions

Distinguish between Receipts and Payments Account and Income and Expenditure Account.

Join BYJU'S Learning Program