AshikaKnowledge Contributor
Receipt and payments account is a summary of (a) Debit & Credit balance of Ledger account (b) Cash receipts & payment (c) Income and Expenses (d) A balance of assets and liabilities
Receipt and payments account is a summary of (a) Debit & Credit balance of Ledger account (b) Cash receipts & payment (c) Income and Expenses (d) A balance of assets and liabilities
The answer is, option (b) Cash receipts & payment