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Standard XII
Accountancy
Preparing Financial Statements of NPO-II
Receipts and ...
Question

Receipts and Payments A/c is a summary of -


A

All Capital Receipts and Payments

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B

All Revenue Receipts and Payments

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C

All Revenue and Capital Receipts and Payments

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D

None of these

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Solution

The correct option is C

All Revenue and Capital Receipts and Payments


Receipts and Payments A/c is a summary of all revenue and capital receipts and payments


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