O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2025 · Q261 Mark

A sports club was established on 1 January. It has a clubhouse and also runs a snack bar for its members. Which items would be included in the receipts and payments account for the first year ended 31 December? 1 new furniture to be used in the clubhouse, paid by credit transfer 2 subscriptions paid by club members in advance for the next financial year 3 subscriptions owing by club members at the end of the financial year 4 snack bar wages owing at the end of the financial year

A1 and 2

B1 and 4

C2 and 3

D3 and 4

✓ Correct answer

A: 1 and 2

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2025 Paper 1 Variant 2, question 26.

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