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Question 3 (20 marks) The Financial Treasurer of UNAM Fun Club has presented the following records UNAM Fun Club Receipts and Payments Account For the
Question 3 (20 marks) The Financial Treasurer of UNAM Fun Club has presented the following records UNAM Fun Club Receipts and Payments Account For the year ended 31 December 2016 2016 NS 2016 01/1 Balance bf 4900 01/1 Rent and rates Membership subscriptions 5 760 Social activities Membership fees 840 Bar purchases Bar receipts 7 500 Bar wayes Other receipts 3 800 General wages Equipment Electricity expenses Postage and telephone Bank charges Insurance 31/12 Balance bid 22 800 2017 01/1 Balance bif 4752 NS 804 3.000 3580 1104 2 560 5720 208 352 116 604 4752 22 800 The following additional information is available: 31/12/15 NS 31/12/16 NS Funiture and fittings Har inventories Subscription in areas General wages owing Subscriptions in advance Insurance prepaid 2840 1420 120 4 400 1 040 80 180 400 136 180 Depiliin ur 20% is to be written off equipment on the straight line method. Required: 2.1 UNAM Pun Club Burleent of prolit and Loss (6) 3.2 Income and Expenditure Account for UNAM Fan Club for the vear enda vam 2010 (14)
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