Receipts and Payments A/c is a summary of:
A. All Capital Receipts and Payments
B. All Revenue Receipts and Payments
C. All Revenue and Capital Receipts and Payments
D. None of the above
Answer:C
Receipts and Payments A/c is a summary of:
A. All Capital Receipts and Payments B. All Revenue Receipts and Payments C. All Revenue and Capital Receipts and Payments D. None of the above