Receipts
Payments
Income
Expenditure
Answer is Wrong!
Answer is Right!
The correct answer is A. Receipts.
A cash book is a book of original entry that records all cash receipts and payments. Discounts received are recorded on the receipts side of the cash book because they represent money that has been received by the business.
Option B is incorrect because payments are recorded on the payments side of the cash book.
Option C is incorrect because income is recorded on the income side of the cash book.
Option D is
incorrect because expenditure is recorded on the expenditure side of the cash book.