Receipts and Payments Account
Format for Receipts and Payments Account
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Receipt and Payments Account for the year ended 31 December 2010 |
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Dr. |
Cr. |
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|
Receipts |
Amount |
Payments |
Amount |
|
Balance b/d (Opening balance)
All Cash receipts |
XXXX
XXXX |
All cash payments |
xxxxx
XXXX |
|
|
|
Balance c/f (closing balance) |
xxxxx |
|
|
XXXXX |
|
XXXXX |
|
Cash (beginning) |
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+ all cash receipts (revenue receipts and capital receipts) - All Cash payments (revenue expenditure and capital expenditure) |
|
Cash (end) |
Features
- Similar to Cash Book
- Cash receipts are on Debit side and Cash payments are on Credit side
- All cash receipts and payments are recorded irrespective of their relation to current year.
- There is an opening balance and a closing balance
