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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
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
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.