Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

SLD Fosso a Cithatporades and less sences for residents of Law Housing Estate. The main activity of the club to raise funds is to sell

image text in transcribed
SLD Fosso a Cithatporades and less sences for residents of Law Housing Estate. The main activity of the club to raise funds is to sell healthcare products. The following information is taken from the club's financial books (a) Balances of stand liability 31 March 2020 31 March 2020 RM RM Equipment 23.960 2x 500 Accounts Receivable Debtors) 2.800 5.2 Healthcare product inventories 30 3370 Annual membership fees in areas 180 Annual membership fees in advance - 220 4,726 25,771 Prepaid caring and newspaper 0 ERO b) Receipt and payment summary for the year ended 31 March 2001 as follow RM 400 3.820 2250 13,523 Receipt RM Payment Annual membership fees 13.250 Equipement maintenance Entrance fees 13.00 upon Account receivables shtes) 15.330 Family day expenses Bodybuilding competition foes 14.825 Purchase of healthcare product es Cashier of healthcare products 4.500 Employee salaries Studio rental X.720 Mod Newspaper Bodybuilding competition ce Donation 4500 185 143 205 Additional information 13 of employee salaries are the wages paid to wekes selling healthcare products Equipment is deprecated at 10%mally singght line method (m) Entrance fees are considered as recome fiv) There is a recorded sales return of RM725 Regeired: Prepare , a) Membership Fees Account (2 marks) 5) Accounts receivable (Debtors) Control Account Healthcare Product Trading Accounts for the year ended 31 March 2021. (2 marks) c) (4 mark) d) Statement of Income and Expenditure for the year ended 31 March 2021. (12 mars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions