Question 2

Kelab Becca Melaka was established since 2010. The president of the club asks your help to prepare accounting records. kpFollowing are summary of receipts and payment of the club for the year ended 31 December 2015.

	RM
Cash at bank as at 1 January 2015	2343
Receipts :
Ordinary subscription	2610
Fees from Bengkel Becca Suwet	3478
Life membership	1000
Payments:
Rent	700
Water and electricity	336
Advertising	120
Refreshments	88
Expenses for Bengkel Becca Suwet	1560
Purchase of equipment	1450

Additional amount:

1. Amount to club
	31.12.2014 (RM)	31.12.2015 (RM)
Ordinary subscription	120	140
Fees from Bengkel Becca Suwet	348	130
2. Amount owing by club
	31.12.2014 (RM)	31.12.2015 (RM)
Rent	60	60
Advertising	30	25
Refreshment	20	30

3. As at 31.12.2015, Ordinary subscription receive in advance amounted to RM1240.
4. On 31.12.2014, the clubs equipment at net book value was RM5300. It is the policy of the club to depreciate its non-current asset at 10% per annum on Net Book Value.
5. During the year, 10 members had paid for life membership fees of RM100 each. It has been agreed that life membership fees would be apportioned to income and expenditure account over 10 years.

Required:

1. The Income Statement of Affairs of Kelab Becca Melaka as at 1 January 2015.
2. The Income and Expenditure account for the year ended 31.12.2015
3. The balance sheet as at that date.