(a)[16]
Draw up the receipts and payments account for the year ended 31 December 2019.
(b)[3]
State three reasons why the gap between total receipts and total payments in a receipts and payments account might not match the surplus or deficit in an income and expenditure account.
(c)[1]
Name the financial statement where the write-off of an irrecoverable debt from the sale of a running machine to a club member would be shown.
(d)[5]
Advise the committee on whether future sales ought to be made only on a cash basis. Justify your answer by referring to the effect of this change on the club’s cash flow and its surplus/deficit for the year.