O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2012 · Q251 Mark
The financial year of a sports club ends on 31 December. Members' subscriptions received during 2011 were as follows. for the year ended 31 December 2010 $50 for the year ended 31 December 2011 $2500 for the year ending 31 December 2012 $25 How much will be shown for subscriptions in the receipts and payments account for the year ended 31 December 2011?
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A$2475
B$2525
C$2550
D$2575
✓ Correct answer
D: $2575
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