Concept:In non-profit organizations, the cash book is maintained in the form of a receipts and payments account.
Explanation:Non-trading concerns do not prepare a normal cash book for their final accounts.
Instead, they summarize all cash and bank transactions in one statement.
This statement is called the receipts and payments account.
All receipts appear on the debit side, and all payments appear on the credit side.
It includes the opening cash and bank balance at the start.
It also shows the closing cash and bank balance at the end of the period.
Therefore, the cash book of a non-profit organization is referred to as the receipts and payments account.
Answer:B. receipts and payments account