A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2010 · Q121 Mark
Information relating to a club's subscription is: [Table showing received during the year $20 000, paid in advance in the previous year $2 000, paid in advance during the current year $1 000] There were no subscriptions in arrears at the start or end of the year. Individual subscriptions have remained constant at $500 per annum for the last two years. How many members does the club have?
A38
B40
C42
D44
✓ Correct answer
C: 42
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