Receipts and Payments Account is a:
A) Personal Account
B) Real Account
C) Nominal Account
D) All of the above
Correct Answer:
Verified
Q37: Income and Expenditure Account reveals
A)Surplus or Deficiency
B)Cash
Q38: The amount of 'Subscription received from members'
Q39: Donation received for a special purpose:
A)Should be
Q40: The amount of Entrance Fees received regularly
Q41: Out of the following items, which one
Q43: Donations received for a special purpose will
Q44: Non-trading concern prepare
A)Receipts and Payments A/c
B)Balance Sheet
C)Income
Q45: Receipts and Payments Account of non-trading concerns
Q46: Income and Expenditure Account is prepared in
Q47: General donations of relatively large amount is
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