O-LevelAccountingAccounting procedures7707/11 · May/June 2017 · Q231 Mark

A sports club provided the following information. subscriptions paid in advance at the start of the year 400 total subscriptions received during the year 3600 subscriptions paid in advance at the end of the year 500 Which amount would appear as subscriptions in the income and expenditure account?

A$3500

B$3600

C$4000

D$4500

✓ Correct answer

A: $3500

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2017 Paper 1 Variant 1, question 23.

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