Question :
A debit closing balance of Receipts and Payments Account show:
Option 1:
Closing balance of cash in hand and bank
Option 2:
Closing balance of capital fund
Option 3:
Balance of net assets
Option 4: Bank overdraft
Correct Answer:
Solution : A debit closing balance of Receipts and Payments Account show closing balances of cash in hand and bank. Hence, the correct option is 1.
Which of the following show the debit balance
Receipts and Payments Account does not include
An account akin to Profit and Loss Account in
Which of the following is not a feature of a
The Receipts and Payments Account of Social
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