Receipts and Payments account vs Cash Book Class 12 CBSE Board

Looking for, the difference between Receipts and Payments Account and Cash Book in NPO chapter class 12 CBSE, ISC and State Board.

Both receipts and payments account and cash book are prepared on the cash basis of accounting. Both records cash and bank transactions.

Despite a few similarities, they both have a few differences.

In this lecture, we would discuss a few basic differences between receipts and payments account and cash book

Distinction between Receipts and Payments account and Cash Book

Basis	Receipts and Payments	Cash Book
1. Basis	It is prepared from cash book in summarised from	It is prepared on the basis of each cash receipt and cash payment transaction.
2. Sides	It has receipts and payments side. the left one is receipts and the right one is payment.	It has debit and credit sides
3. Period	It is prepared at the end of accounting as a summarised form of the cash book.	It is prepared on daily basis.
4. Ledger Folio Column	It has no Ledger Folio columns	It has ledger Folio columns.
5. Part of Double Entry System	It is not part of a double-entry system. It is merely a summary of cash book	It is prepared following double entry system of accounting.
6. Institutions	It is prepared by Not for profit organization (NPO)	It is prepared by all organizations whether profit or non profit.

Further Reading:-

S.N	Topics
1.	NPO Basic Concepts and Theory
2.	Receipts and Payments account of NPO format, features, meaning
3.	Income and expenditure account of NPO format features meaning
4.	Difference between income and expenditure account and Profit & Loss A/c
5.	Difference between Receipts and Payments account and income and expenditure account
6.	Difference between receipts and payments account and cash book
7.	Difference between NPO and profit organisation class 12

S.N	Topics
1.	What is Fund Based Accounting in NPO
2.	Admission and Entrance fees Accounting Treatment
3.	Accounting Treatment of Life Membership Fees in NPO
4.	Accounting Treatment of Donation in NPO
5.	Accounting Treatment of Legacy in NPO
6.	Accounting Treatment of Government Grant in NPO
7.	Accounting Treatment of sale of Old News paper in NPO
8.	Accounting Treatment of sale of Old Sports Material in NPO
9.	Accounting Treatment of Cost of Material Consumed in NPO
10.	Accounting treatment of Sale of Assets in NPO
11.	Accounting treatment of Subscription in NPO
12.	Accounting treatment of Subscription written off in NPO

S.N	NPO Chapter Solution
1.	TS Grewal NPO Chapter solution 2021-22 Edition
2.	DK Goyal NPO Chapter solution 2021-22 Edition
3.	SK Sharma NPO Chapter solution 2021-22 Edition