CUET Preparation Today
| In terms of receipts and payments, there is no difference between................ |
Revenue receipts and capital receipts Capital payments and revenue payments Current year and previous year All of the above |
| All of the above |
| Receipts and payments Account does not differ between capital and revenues receipts. Receipts and payment account records the receipts and payments of all nature. It records all the cash transactions of the business and is basically a summary of cash transactions. |
