A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2013 · Q181 Mark
A club has 190 members. The club charges an annual subscription of $240 per member. At the start of the year, 11 members had paid their subscriptions for the current year in advance. At the end of the year, 8 members had paid their subscriptions for the next year in advance, but 3 members had not yet paid their current year subscriptions. Which figures are recorded in the current year? income and expenditure account $ receipts and payments account $
A44 160
45 600
B45600
44 160
C45600
41760
D41760
45 600
✓ Correct answer
B: 45600 44 160
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