A social club was established on 1 January 1997. The members agreed that accounts should be prepared to 31 December each year. Subscriptions were received as follows in the first four accounting years:

Required:
Calculate the amount of subscriptions that should be shown in the club's accounts for the years to 31 December 1997, 1998, 1999 and 2000, assuming that:

(a) the club prepares receipts and payments accounts

(b) the club prepares income and expenditure accounts and takes no credit for subscriptions which are in arrears at the end of an accounting period.

Transcribed Image Text:

Received during 1997 Relating to 1997 Relating Relating Relating Relating to 1998 to 1999 to 2000 to 2001 1,950 90 Received during 1998 340 2,130 110 Received during 1999 250 2,250 130 Received during 2000 180 2,340 150