Which of the following is shown on the Payment side of Receipt and Payment A/c?
(A) Audit fees
(B) Conveyance
(C) Insurance
(D) Locker rent received
(E) Subscription
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A), (B) and (C) only
The Receipt and Payment Account is a summary of cash and bank transactions: actual cash paid goes on the payment side, cash received on the receipt side.
(A) Audit fees, (B) Conveyance and (C) Insurance – paid out, so shown on the payment side.
(D) Locker rent received and (E) Subscription – received by the organisation, so shown on the receipt side.
Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.
NCERT (Pre-rationalised edition):
NCERT (Pre-rationalised edition):
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