Which of the following item does not match with receipts and payments account?
A) It is a summarized cash book
B) Transactions are recorded in it on cash basis
C) It records revenue transactions only
D) It serves the purpose of a real account
Correct Answer:
Verified
Q28: _ is specially suited to mines, oil
Q29: The following account has a credit balance
A)Plant
Q30: From the following details estimate the capital
Q31: A and B purchased a piece of
Q32: AB Ltd. has signed at 31st December,
Q34: Which of the following is/ are the
Q35: Excess of hire purchase price over cash
Q36: Which of the following is/are revenue expenditure?
A)Consumable
Q37: AS-9 is related to
A)Revenue Recognition
B)Cash Flow Statement
C)Accounting
Q38: The person to whom bill is endorsed
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