A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q151 Mark
The following information relates to the annual membership subscriptions of a cricket club for the year ended 31 December. 1 January $ 31 December $ subscriptions in arrears 7200 7800 subscriptions paid in advance 2800 4200 Cash received during the year for subscriptions totalled $81 000. Which amount should be shown in the income and expenditure account for membership subscriptions?
A$80 200
B$81 000
C$81 600
D$81 800
✓ Correct answer
A: $80 200
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