Multiple choice

Which of the following items will not be recorded in 'receipt and payment' account?

  1. Depreciation

  2. Salary outstanding at the end of the year

  3. Donation promised, but not yet received

  4. All of the above

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Depreciation, outstanding salary and donation accrued, being non-cash transactions, will not be recorded.