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Additional information The following transactions must be taken into account for the year ended 30 september 20.20 : (a) During the current year 12 new
Additional information The following transactions must be taken into account for the year ended 30 september 20.20 : (a) During the current year 12 new members joined the club. The entrance fee per member is R600 and 75% of the entrance fees received should be capitalised and the balance recognised A) At year-end accrued membership fees amounted to R22.250 and membership fees already rece ved for to the next financial year amounted to-R5-400. 50% of the acciued membership fee witten off: On Ortober20.19. Thimy Heny donated an amount R22 000 to the dub, the funds were then invested on the same day in a fixed deposit account with wenger Bank at aninterest rate investmentshouid be used to advetise the dub and the capital amount can only be ysed after lo peders (d) Adrertisingexpenses incured by the club were R2500 for the 30 september 2020 finsinglal yerr The edvertising expenses thatshould be recognised as an expense in the statement of income and expenditure for the year ended 30 September 20.20 will be... Instractions: 1. Use-a full stop to indicate any decimals (eg: 1000.01 )
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