A-LevelAccountingNon-Profit OrganisationsMay/June 2015Paper 1 Q141 Mark
A cricket club provides the following information. $ subscriptions owing at 1 January 2014 340 subscriptions paid in advance at 1 January 2014 580 subscriptions received in the year ended 31 December 2014 3600 subscriptions owing at 31 December 2014 410 subscriptions paid in advance at 31 December 2014 320 What is the value of subscriptions in the income and expenditure account for the year ended 31 December 2014?
A$3450
B$3600
C$3750
D$3930
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of non-profit organisations within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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