Accountancy, asked by mp4073797, 9 months ago

receipts and payments account is a real account

Answers

Answered by krishma261

0

Answer:

The cash receipts for the year are documented on its debit side (Dr). And, the payments made in cash for the year are recorded on the credit side (Cr) Usually, R and P Account depicts debit balance.

Previous Question

Next Question

Similar questions

English, 4 months ago

yesterday isnot raining. (was/were)...

Computer Science, 4 months ago

A small bar which has the icons which we frequently use. What is it?

Math, 4 months ago

Write the expanded form of 34091 using powers...

Computer Science, 9 months ago

5. Restarting a computer under 1 point software control is called: O Warm booting O Bomb virus O Cold booting O Reset O O Other:...

English, 9 months ago

The child was ready to hire the man but...

Math, 1 year ago

A body moves in a circle of radius ‘2R’ what is the distance covered and displacement of the body after 2 rounds...

Science, 1 year ago

cause of blackness of hair...

Math, 1 year ago

4. In a ∆ABC, ∆A= ∆B = xº then find ∆C.