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O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2018 · Q181 Mark

A club's financial year ends on 31 July. During the year ended 31 July 2018 the following subscriptions were received. subscriptions for the year ended 31 July 2017 50 subscriptions for the year ended 31 July 2018 3400 subscriptions for the year ending 31 July 2019 20 How much would be included in the receipts and payments account for the year ended 31 July 2018?

A$3400
B$3420
C$3450
D$3470

✓ Correct answer

D: $3470

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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 2018 Paper 1 Variant 2, question 18.

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