SELECT * FROM question_mgmt as q WHERE id=1391 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=11 AND chapterId=134 and ex_no='3' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th accountancy Accounting for Not-for-Profit Organisation state the meaning of receipt and payment account

Question:

State the meaning of Receipt and Payment Account.

Answer:

Receipt and Payment Account gives a summarised picture of various receipts and payments, irrespective of whether they pertain to the current period, previous period or succeeding period or whether they are of capital or revenue nature.


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  • Answered by Ekta Mehta
  • 4 months ago

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