The closing balance of Receipts and Payments Account depicts _________. Option 1: Loss Option 2: Profit Option 3: Balance of Cash and Bank Option 4: Capital fund

The answer is 'Balance of Cash and Bank'. View full solution:

CUET Accountancy - The closing balance of Receipts and Payments Account depicts _________. | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Financial Statements

Easy

Loss

Profit

Balance of Cash and Bank

Capital fund

✅ Correct Option: 3

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