O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2024 · Q251 Mark

The treasurer of a sports club provided the following information. clubhouse and sports fields $250 000 sports equipment $80 000 cash at bank $12000 bank loan $14000 subscriptions accrued $2800 What was the amount of the accumulated fund?

A$325 200

B$328 000

C$330 800

D$342 000

✓ Correct answer

C: $330 800

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 25.

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