state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Accountancy Receipts & Payment Account
Receipts and payments account includes which of the following?
(i)All receipts and payments related to the current year.
(ii) All receipts and payments related to the previous or future year(s).
(iii) All receipts and payments irrespective of the nature (both revenue and capital).
1
Only (i) and (ii)
2
Only (i)
3
(i), (ii) and (iii)
4
Only (ii)