The following is a summary of the receipts and payments of the Miniville Rotary Club during the

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The following is a summary of the receipts and payments of the Miniville Rotary Club during the year ended 31 July 2012.

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(a) Calculate the value of the accumulated fund of the Miniville Rotary Club as at 1 August 2011.

(b) Reconstruct the following accounts for the year ended 31 July 2012: (i) the subscriptions account, (ii) the competition prizes account.

(c) Prepare an income and expenditure account for the Miniville Rotary Club for the year ending 31 July 2012 and a statement of financial position as at that date.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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Question Posted: Jan 31, 2024 06:03 AM

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The following is a summary of the receipts and payments of the Miniville Rotary Club during the

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