(a(i))[12]
Set out the fully correct income and expenditure account.
(a(ii))[7]
Set out the correct statement of financial position, making the surplus or deficit for the year clear.
(b)[3]
Advise the managing committee on whether they ought to adopt a rule that cancels the membership of anyone whose subscriptions are overdue by more than one month. Support your answer.
(c)[3]
Explain how life membership subscriptions are accounted for and state the accounting concept that is applied.