Receipt and Payment Account records only actual cash and bank transactions. Non-cash transactions like depreciation, outstanding expenses, and accrued income are excluded. Income and Expenditure A/c, Profit and Loss A/c, and Balance Sheet do record non-cash items.
Non-Cash transactions will be excluded from :
CUET UG 2023 — Accountancy Financial Statements
2023mcqeasy
Non-Cash transactions will be excluded from :
Official previous-year question
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Receipt and Payment A/c
- B
Balance Sheet
- C
Profit and loss A/c
- D
Income and Expenditure A/c
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