The correct answer is: A. Receipt and Payment Account
A receipt and payment account is a financial statement that records all the income and expenses of a non-profit organization for a specific period of time. It is prepared by listing all the cash receipts and payments of the organization, and then subtracting the payments from the receipts to arrive at the net income or loss for the period.
A profit and loss account is a financial statement that shows the revenues and expenses of a business for a specific period of time. It is prepared by listing all the revenues and expenses of the business, and then subtracting the expenses from the revenues to arrive at the net profit or loss for the period.
A fund flow statement is a financial statement that shows the sources and uses of funds for a non-profit organization for a specific period of time. It is prepared by listing all the sources of funds and uses of funds of the organization, and then subtracting the uses of funds from the sources of funds to arrive at the net change in funds for the period.
An income and expenditure account is a financial statement that shows the income and expenditure of a government department or agency for a specific period of time. It is prepared by listing all the income and expenditure of the department or agency, and then subtracting the expenditure from the income to arrive at the net surplus or deficit for the period.
In conclusion, the correct answer is A. Receipt and Payment Account.