A. income and expenditure account
B. receipts and payments account
C. two-column cashbook
D. petty cash bok

Correct Answer: Option B

B. receipts and payments account

Explanation

“A receipt and payment account is a summarized cash book (cash and bank) for a given period” prepared by Non-profit organizations (also called non-trading concerns) at the end of the year.

Copyright warnings! Do not copy.