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What is a receipt and payment account?
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What is a receipt and payment account?
Receipt and payment account is an abridged cash book for a furnished period of time. This is a synopsis of the transactions in the form of cash in cash book. This account is prepared on the foundation of the data obtainable from the cash book
Community Answer
What is a receipt and payment account?
Receipt and payment account is that account which is being prepared by NPO,for calculating the remain balance of cash or bank,by comparing the total receip with the total payment.It shows generally debit balance,but in case of overdraft it will show credit balance.
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What is a receipt and payment account?
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What is a receipt and payment account? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is a receipt and payment account? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a receipt and payment account?.
What is a receipt and payment account? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is a receipt and payment account? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a receipt and payment account?.
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