Question

प्राप्ति भुगतान खाते की प्रकृति कैसी है।
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Answer 1

Explanation:

Following are the features of receipt and payment account:

1) It is abridged addition of cash book - it is, in effect, a summary of cash book.

3) Cash receipts and cash payments of both capital and revenue nature are recorded here.

4) Only cash transactions are recorded in this account.