O-LevelAccountingPreparation of financial statements7707/11 · May/June 2010 · Q231 Mark
A sports club was formed on 1 January 2009. During the year ended 31 December 2009 the club purchased equipment costing $5000, paying by cheque. In which of the club's final accounts did this appear?
Areceipts and payments account ✓ income and expenditure account balance sheet
Breceipts and payments account ✓ income and expenditure account ✓ balance sheet
Creceipts and payments account ✓ income and expenditure account balance sheet ✓
Dreceipts and payments account income and expenditure account ✓ balance sheet ✓
✓ Correct answer
C: receipts and payments account ✓ income and expenditure account balance sheet ✓
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