Concept:Purchases of fixtures and fittings are capital payments, so they appear in the Receipts and Payments Account and are then shown as assets in the Balance Sheet.
Explanation:A Receipts and Payments Account records all actual cash received and paid by the club during the year.
Buying fixtures and fittings involves cash going out, so it is recorded as a payment in this account.
Fixtures and fittings are fixed assets that are still owned by the club at the end of the year.
Therefore, they also appear on the Balance Sheet under non-current assets.
The Income and Expenditure Account records only revenue expenses and revenue income, not capital purchases.
Since fixtures are not consumed within the year, they are not treated as an expense in the Income and Expenditure Account.
Hence, the purchase is recorded in the Receipts and Payments Account and the Balance Sheet only.
Answer:C. Receipts and payments account and balance sheet