O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2014 · Q241 Mark

On 1 January a sports club's subscriptions account had a debit balance of $500. During the year subscriptions received amounted to $6000. Subscriptions due but unpaid on 31 December were $800. Which amount will be shown for subscriptions in the income and expenditure account for the year ended 31 December?

A$5700

B$6300

C$6500

D$6800

✓ Correct answer

B: $6300

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

Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 24.

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