The difference between Receipts and Payment A/c and cash book are as follows.
| Receipts and payment A/c |
Cash book |
| 1. Entries are not made date - wise |
1. All entriess are made date-wise |
| 2. All entries are made in classified form |
2. All entries are made in detail |
| 3. This accounts is opened by non-trading concern only. |
3. this account is opened in both trading and non-trading concerns |
