(a)[2]
Explain one purpose of a receipts and payments account.
(b)[8]
Prepare the Income and Expenditure account for the year ended 31 December 2017.
(c)[6]
Prepare the statement of financial position at 31 December 2017.
(d)[3]
Explain why the new treasurer has recommended this treatment for life membership.
(e(i))[3]
Calculate the effect on the surplus or deficit if the new treasurer’s proposed treatment of life membership had been used for the year ended 31 December 2016.
(e(ii))[3]
Calculate the effect on the surplus or deficit if the new treasurer’s suggested treatment of life membership had been adopted for the year ended 31 December 2017.