Complete the sentence: Credit side of Receipts and Payments Account shows cash _____.
Q.1 (D) (4) Complete the sentence: Credit side of Receipts and Payments Account shows cash _____.
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Answer: payments
Receipts and Payments Account is a summary of the cash book: the debit side shows all cash receipts and the credit side shows all cash payments, whether capital or revenue.
Doubtly AI
· 28 Oct 2026
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