O-LevelAccountingPreparation of financial statementsOct/Nov 2010 · Q251 Mark

On 1 January 2009 a club had received prepaid subscriptions of $560. During the year ended 31 December 2009 the club received subscriptions of $8480. On 31 December 2009 subscriptions owing to the club amounted to $400. Which amount should be shown for subscriptions in the income and expenditure account for 2009? A $8080 B $8480 C $8880 D $9440

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2010). The mark or mark type is shown in brackets.

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Structured question, 1 mark.
Source: O-Level Accounting, Oct/Nov 2010 Variant 1, question 25.

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