Non-Cash transactions will be excluded from:
- AReceipt and Payment A/c
- BBalance Sheet
- CProfit and loss A/c
- DIncome and Expenditure A/c
Solution & Step-by-step Explanation
A Receipt and Payment Account is a summary of actual cash and bank transactions prepared on a cash basis of accounting. Consequently, non-cash items such as depreciation or outstanding provisions are strictly excluded from it.