A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2015 · Q201 Mark

A club provides the following information. | | $ | |---|---| | opening subscriptions in advance | 1200 | | subscriptions received during the year | 25000 | | closing subscriptions in arrears | 1500 | How much are subscriptions for the year in the income and expenditure account?

A$22300

B$24700

C$25300

D$27700

✓ Correct answer

D: $27700

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.

About this question

Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2015 Paper 1 Variant 2, question 20.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Preparation of financial statementsFeb/Mar 20161m

X and Y have capital accounts of $50000 each and share profits equally. They plan to admit Z into partnership. The ne…

Preparation of financial statementsFeb/Mar 20161m

David and Jane have been business partners for several years, sharing profits in the ratio of 2:1. Jane now wishes to…

Preparation of financial statementsFeb/Mar 20161m

Which is not an appropriation of partnership profit?

Traditional costing methodsFeb/Mar 20161m

Which statements about cost-volume-profit analysis are correct? 1 Profits are calculated on an absorption costing bas…

Budgeting and budgetary controlFeb/Mar 20161m

A business has the following budgeted and actual results for a period. $ budgeted fixed overheads 354 000 actual fixe…

Budgeting and budgetary controlFeb/Mar 20161m

What are the main purposes of budgeting? 1 to control expenditure 2 to forecast future expenditure 3 to determine com…

← Browse all past-paper questions