Receipts and Payments Account is a summarised cash book for a not-for-profit organisation. Its closing balance shows the balance of cash and bank available at the end of the accounting period, not profit or loss.
The closing balance of Receipts and Payments Account depicts .
CUET UG 2022 — Accountancy Financial Statements
2022mcqeasy
The closing balance of Receipts and Payments Account depicts _________.
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Loss
- B
Profit
- C
Balance of Cash and Bank
- D
Capital fund
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Financial Statements in other years
More CUET UG Financial Statements questions
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
2025easy
Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:
2025medium
Auditor issues Annual report of company refering to___.
2025easy
Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest
2025easy
'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:
2025easy
Other Accountancy topics for CUET UG
Keep practicing Financial Statements
Work through every CUET UG Financial Statements PYQ, year by year.