O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2019 · Q241 Mark

A sports club provided the following information. $ subscriptions received during the year 12000 subscriptions owing at the start of the year 1200 subscriptions owing at the end of the year 800 What was the amount of subscriptions shown in the income and expenditure account?

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A$11600

B$12400

C$12800

D$13200

✓ Correct answer

A: $11600

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 24.

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A sports club provided the following information. $ subscriptions received during the year 12000 subscriptions owing at the start of the year 1200 subscriptions owing at the end of the year 800 What was the amount of subscriptions shown in the income and expenditure account?

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