What is the difference between Receipt & Payment Account
and Income & Expenditure Account?
Answer Posted / narasimhaprasad
Receipts and payments all are revenue in nature, which all
clubbed Receipts & payments called Income & Expenditure is
Capital in nature,
all receipts / payments can be apart in income/expenditure
but not all incomes/ expenditures are part in receipts
/payments. thats all..
Is This Answer Correct ? | 7 Yes | 17 No |
Post New Answer View All Answers
in what form is crr kept in RBI?
Give a brief explanation of the fundamental accounting concept of prudence
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
why did rbi hiked repo and reverse ratio and how it will effect the market
What is the working formula for Inventory turnover
Short Answer on __________Measurement
what is composition vat
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
Anyone whose sbi interview has been over , please share all the question asked by them
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
Interest earned on investments is an__________
shares journal entries
What problems might be encountered if there were no accounting standards?
what is Exposure ?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?