O-LevelAccountingPreparation of financial statements7707/12 · May/June 2023 · Q271 Mark
Which items are included in an income and expenditure account prepared for a sports club? 1 cost of new furniture purchased during the year for the clubhouse 2 depreciation on furniture and sports equipment 3 rates for the clubhouse paid in advance for the next financial year 4 subscriptions that remain unpaid by club members at the end of the financial year
A1 and 2
B1 and 4
C2 and 4
D3 and 4
✓ Correct answer
C: 2 and 4
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