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O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2017 · Q231 Mark

What would not appear in the income and expenditure account of a sports club?

Acost of sports equipment
Bdepreciation of sports equipment
Cinsurance of sports equipment
Drepairs to sports equipment

✓ Correct answer

A: cost of sports equipment

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 23.

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