Question

Which of the following is NOT a feature of a Receipts and Payments Account? 

A It is an Account that contains all Cash and Bank transactions made by a nonprofit organisation during a particular financial period.
B While recording the Cash and Bank transactions, all entries are made on Cash Basis
C It starts with the opening balances of Cash and Bank. All Cash Receipts both capital and revenue during the period are debited to it.
D It follows the rules of Nominal Account.
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