question 3

ll tnmobile 19:25 Page 13 of 14 40 MARKS The treasurer of Unam Foothall Club has prepared a receipts and paryments statement Unam Football Club Receipts and Payments Statement for the year ended 31 December 2016 Bank balance 01.01 2016 1000 Payment for bar supplies Wages: Groundsman 5 250 2 450 2 100 1 720 1125 1 360 1 520 2640 3 650 185 31 000 2015 (Amears) 2016 2017 (in advance) Bar Sales Donation Received 30 Wages: Barman 18 450 Bar Expense 220 10 500 Repairs to Stand seat Ground Maitenance 480 Secretary's Expenses Tramsport Expense Telephone Expeme Bank balance 31.12 2016 31 000 31.12.2015 NS 2 550 1 880 120 Notes 3112.2016 NS 3 250 Bar Invemory Bar Supplies-Owing Bar Expense Owing Transport Cost Owing 195 The land and foocball stands were valued at 31 December 2015 at: Led N$ 22 100: Football stands N 14 500, the stands are to be depeeciated by 10 per cent per annum. Furniture and finings at 31 December 2015 was valued at N$13 500 and is to be depreciated at 10 per cent per annum Subscription owing by members amounted to NS 350 on 31 December 2015, and NS420 On 31 December 2016. a) Draw up a Bar Trading Statement for the year ended 31 December 2016 b) Income and Expenditure Statement for the year ended 31 December 201612 Marks c) Prepare Statement of Financial Position as at 31 December 2016. 09 Marks 19