✓ Board-verified
Accountancy · 2022 · 2 marks
CBSE 2022 · Region 2 · Set 3 · Q1
Distinguish between 'Receipts and Payments Account' and 'Income and Expenditure Account' on the basis of the following : (a) Period (b) Debit side
Marking-scheme solution
Basis Receipts and Payments Income and
Account Expenditure Account
Period It may relate to current, It relates to current
preceding or succeeding period
periods
Debit side Debit side of this account Debit side of this
records receipts account records
expenses and losses
Practice Accounting for Not-for-Profit Organisation →All Accounting for Not-for-Profit Organisation questions
More from Accounting for Not-for-Profit Organisation
- List any four items that are considered as Capital items while preparing financial statements of a…2022
- From the following information, calculate the amount of sport's material that will be debited to the Income…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
- Present the following information in the Balance Sheet of Wisdom Club as at 3 l st March, 202 l Particulars…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.