DoesNPOskeep cash book? If yes, what is the difference between it's cash book and the Receipts and Payments account?


Yes, Cash Book is prepared by NPOs. The difference between Cash Book and Receipts and Payments Account is extensively covered in our study material. Please go through the following path.

Select the Subject(Accountancy) --> Study--> Study Material--> Book 2(Financial Accounting Part-II)--> Chapter- 4(Accounting for Not for Profit Organisation)--> Lesson-2(Receipts and Payments Account)

Hope this clarifies your doubt.
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