In Receipts and Payments account, if the receipt side is more than the payment side, the balance amount represents ___________________and it will be shown on the __________________side of the account.

Cash at Bank, Credit

The opening balance in Receipt and Payment Account represents cash in hand/cash at bank which is shown on its receipts side and the closing balance of this account represents cash in hand and bank balance as at the end of the year, which appear on the credit side of the Receipt and Payment Account. However, if it is bank overdraft at the end it shall be shown on its debit side as the last item.