A sports club has 100 members and the annual subscription is $60.
During the year ended 31 August 2021:
12 members paid their outstanding subscription from the previous financial year
10 members paid their subscription in advance for the following financial year.
On 31 August 2021, subscriptions for the current financial year were still outstanding from 8 members.
What was the total amount received from members during the year ended 31 August 2021?

Q: What topic does this question test?

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2021 examination, Paper 1 Variant 2 (7707_w21_qp_12.pdf).

Question

A sports club has 100 members and the annual subscription is $60.
During the year ended 31 August 2021:
12 members paid their outstanding subscription from the previous financial year
10 members paid their subscription in advance for the following financial year.
On 31 August 2021, subscriptions for the current financial year were still outstanding from 8 members.
What was the total amount received from members during the year ended 31 August 2021?

Oracle Prep · Accepted Answer

The correct answer is D: $6840.

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