O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2022 · Q231 Mark
The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club's financial statements will this appear?
Aincome and expenditure account and statement of financial position
Breceipts and payments account and income and expenditure account
Creceipts and payments account and statement of financial position
Dstatement of financial position only
✓ Correct answer
C: receipts and payments account and statement of financial position
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