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O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2024 · Q271 Mark

Which accounting statement prepared by the treasurer of a sports club provides a summary of all the monies received and paid out during the financial year?

Abank reconciliation statement
Bincome and expenditure account
Creceipts and payments account
Dstatement of financial position

✓ Correct answer

C: receipts and payments account

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2024 Paper 1 Variant 1, question 27.

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