In a non-for-profit making organization, the cash book is referred to as
- income and expenditure acount
-
receipts and payments account
- two column cashbook
- petty cash bok
The correct answer is: B
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 year.