Accountancy, asked by kittunagar123, 1 year ago

What is the nature of Receipts and payments Account?

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Answered by rishu9589

receipt account is debit and payment account is credit in nature

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Answered by sauravkhandelwal19

Answer:"Real A/C" Nature.

Explanation:because in the receipts and payment a/c the rule of real account is applied.

"Debit whats come in and credit what goes out."

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