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?

Q: What topic does this question test?

This question tests Not-for-Profit Organisations in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2012 examination, Paper 1 Variant 2 (9706_w12_qp_12.pdf).

Question

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?

Oracle Prep · Accepted Answer

The correct answer is A: $80 200.

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