O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2017 · Q221 Mark

A golf club has 230 members. The annual subscription is $100. At the beginning of the year subscriptions prepaid amounted to $1000 and at the end of the year subscriptions in arrears amounted to $1500. How much did the club receive for subscriptions during the year?

A$20 500

B$22500

C$23500

D$25500

✓ Correct answer

A: $20 500

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 22.

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