O-LevelAccountingAccounting procedures7707/11 · May/June 2014 · Q221 Mark

The Allstars Sports Club was formed on 1 October 2012. Some members' subscriptions were still outstanding on 30 September 2013. Where would these outstanding subscriptions appear?

Areceipts and payments account: ✓, income and expenditure account: ✓, statement of financial position: ✓

Breceipts and payments account: , income and expenditure account: ✓, statement of financial position: ✓

Creceipts and payments account: ✓, income and expenditure account: , statement of financial position: ✓

Dreceipts and payments account: ✓, income and expenditure account: ✓, statement of financial position:

✓ Correct answer

B: receipts and payments account: , income and expenditure account: ✓, statement of financial position: ✓

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 22.

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