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 correct answer is option 3- Cash at Bank, Credit.

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

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.