The Puxton Social Club provides social facilities for the local community.
The treasurer provided the following information:

1 Balances on 1 October 2016
Subscriptions in arrears $200
Subscriptions in advance $320

2 Subscriptions received and banked during the year, $7600

3 None of the subscriptions in arrears at 1 October 2016 were received. These were
written off as irrecoverable.

4 Balances on 30 September 2017
Subscriptions in arrears $280
Subscriptions in advance $400

REQUIRED

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 20 marks.

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2017 examination, Paper 2 Variant 2 (7707_w17_qp_22.pdf).

Question

The Puxton Social Club provides social facilities for the local community.
The treasurer provided the following information:

1 Balances on 1 October 2016
Subscriptions in arrears $200
Subscriptions in advance $320

2 Subscriptions received and banked during the year, $7600

3 None of the subscriptions in arrears at 1 October 2016 were received. These were
written off as irrecoverable.

4 Balances on 30 September 2017
Subscriptions in arrears $280
Subscriptions in advance $400

REQUIRED

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