a. It is a Summary of the Cash Book.
b. Its shows the total amount of all receipts
and payments irrespective of the Period to which they pertains.
c. It includes all receipts and payments
whether they are of revenue or capital nature.
d. No non-cash items are shown
in this A/C.
e. It has both opening and
Closing Cash balance.
f. Format of:
Receipts and
Payments Account
Receipts
|
Amount
|
Payments
|
Amount
|
|
To Balance
b/d
To
Revenue Receipts:
a.
Subscriptions
b. General
Donations
C. Proceeds
from sale of Tickets, grass and old newspapers.
d. Locker
Rents.
e. Entrance
fees, if not capitalized
To
Capital Receipts:
a. Specific
purpose donations
b. Legacies
c. Specific
Purpose donations
d. sale of
fixed assets and Investment
e.
Capitalised Entrance fees
f. life
membership fees
|
Note: all
revenue receipts goes to Income Side of Income and Expenditure Account
Note:
Capital Receipts goes to Balance sheets
|
By Revenue
Payment:
a. Rent
rates and taxes.
b.
newspapers, magazines, periodicals
c. salaries
d.
electricity expenses.
e.
consumable items.
By
Capital Payment:
a. fixed
assets
b.
Investments etc.
|
Note: all
revenue Payments goes to Expenditure Side of Income and Expenditure Account
Note:
Capital Payment goes to Balance sheets
|
