O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2021 · Q261 Mark

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?

A$5160

B$5640

C$6600

D$6840

✓ Correct answer

D: $6840

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 2, question 26.

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