Question

write four objectives of preparation of receipts and payment account ​

Answer 1

Total receipts and total payments under various heads are available at a glance. The amount of cash in hand at the year end can be ascertained. The correctness of cash book can be verified through it. The total of debit side of cash book will agree with the total of receipt side of this account.

Answer 2

$\huge\tt\pink{⚲\:Hello\:Mate}$

Total receipts and total payments under various heads are available at a glance. The amount of cash in hand at the year end can be ascertained. The correctness of cash book can be verified through it. The total of debit side of cash book will agree with the total of receipt side of this account.♡