The treasurer of the YY Club provided the following information: Prepare a receipts and payments account for
Question:
The treasurer of the YY Club provided the following information:
Prepare a receipts and payments account for the year ended 30 April 20–8 showing the amount paid for running expenses during the year.
Transcribed Image Text:
2$ Bank balance 1 May 20-7 4734 overdraft Subscriptions received: for the year ended 30 April 20-7 1200 for the year ended 30 April 20-8 12000 for the year ending 30 April 20-9 800 Profit on sale of old sports equipment (book value $520: proceeds of sale $580) 60 Cost of new sports equipment 3100 Rent paid for 15 months to 31 July 20-8 3000 Insurance 520 Loan from a member of the club 4000 Running expenses ? Bank balance 1 May 20-8 3324 debit
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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