Practicing Success
Practicing Success
CUET Preparation Today
The Receipts and Payments account of a NPO is...........in nature. |
Nominal Account Real Account Income Statement Financial Statement |
Real Account |
It is prepared at the end of the accounting year on the basis of cash receipts and cash payments recorded in the cash book. It is a summary of cash and bank transactions under various heads. So, it is real account in nature. |
