A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2014 · Q121 Mark

A sports club provides the following information at the year end. The bank balance had increased by $5000. The depreciation charge for the year was $600. Subscriptions in arrears had increased by $100. What was the surplus for the year?

A$4300

B$4400

C$4500

D$4900

✓ Correct answer

C: $4500

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 12.

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