Question

Receipt and payment a/c is rel A/C( statement true or false with reason)

Answer 1

Answer:

true

Explanation:

simple one .... right

Answer 2

Answer:

True

Receipt and Payment Account is a real account as it follows the rule of real accounts, “Debit what comes in, Credit what goes out”. Accordingly, all the cash receipts are debited to this account and all the cash payments are credited to this account.

Explanation:

Please mark as brainliest plz....