Accounting 0452 · IGCSE
Clubs and societies
71 practice questions on Clubs and societies, with worked solutions and instant marking.
A cricket club established a snack bar on 1 January 2019. The information below is given. - Sales receipts for snacks for the year ending 31 December 2019: $\$3\,250$ - Purchase cost of snacks: $\$2\,500$ - Wage paid to the snack bar assistant: $\$250$ - Value of snacks remaining unsold at 31 December 2019: $\$520$ What profit was earned by the snack bar?
Feb/March 2020
A social club had these assets and liabilities. - Non-current assets: $\$6\,550$ - Cafe expenses owing: $\$25$ - Subscriptions owing by members: $\$50$ - Balance at bank: $\$500$ debit - Owing to credit suppliers: $\$300$ - Cafe inventory: $\$500$ What was the accumulated fund?
Feb/March 2020
A golf club provides refreshments for its members. Amounts owing to suppliers for refreshments were $250$ on 1 January 2022 and $400$ on 31 December 2022. The payments made to suppliers in the year totalled $7200$. Closing inventory was $100$ below opening inventory. What was the cost of sales of refreshments for the year ended 31 December 2022?
Feb/March 2023
The following details were given by a social club. subscriptions paid in advance at 31 December 2021 $40$ subscriptions paid in advance at 31 December 2022 $50$ subscriptions received during the year 2022 $660$ What amount should be shown for subscriptions in the income and expenditure account for the year ended 31 December 2022?
Feb/March 2023
For the year ending 31 December 2020, a tennis club supplied the information below. What amount of subscriptions was included in the income and expenditure account for the year ending 31 December 2020?
Feb/March 2024
The Sporting Excellence Club offers sports facilities for its members, and it also operates a shop where members may purchase sportswear. The club’s assets and liabilities included the following. 31 December 2022 / 31 December 2023 Subscriptions received in advance $610 / $570 Subscriptions received in arrears $480 / $465 Insurance paid in advance $240 / $250 Shop inventory $2 500 / $2 750 Trade payables for shop supplies $2 140 / $2 470 The totals below were extracted from the club’s receipts and payments account for the year ended 31 December 2023. Receipts: Subscriptions received $11 950 Shop sales $31 890 Payments: Trade payables for shop supplies $23 290 Shop wages $3 268 Club rent and insurance $7 390 Other club expenses $1 122
Feb/March 2024
What information is presented in the receipts and payments account of a music club?
Feb/March 2025
The ABC Piano Club offers amenities for its members. It also operates a coffee shop where members may purchase hot drinks and snacks. The club’s assets and liabilities are shown below: 31 December 2023 / 31 December 2024 Pianos at cost $12000 / $12000 Pianos - Provision for depreciation $4800 / $6000 Subscriptions received in advance $650 / $715 Subscriptions received in arrears $390 / $325 Club insurance paid in advance $140 / $155 Club rent paid in arrears $435 / - Coffee shop inventory $320 / $382 Trade payables for coffee shop supplies $200 / $186 Cash at bank (debit balances) $2045 / $4675
Feb/March 2025
All members of a sports club have to pay an annual subscription of $\$50$. The subscriptions account gave the following details. What was the rise in the number of members in arrears between $1$ January and $31$ December $2020$?
May/June 2021
Which term describes the surpluses that a club has accumulated throughout its lifetime?
May/June 2021
Which of the following statements about a receipts and payments account is incorrect?
May/June 2021
Which of the following statements concerning a receipts and payments account is incorrect?
May/June 2021
RIA Music Club owns its own premises, which include a shop and several music rooms. Shop sales are paid for in cash and shop purchases are made on credit. Mark-up is 20%. The treasurer has supplied the information below.
May/June 2021
RIA Music Club owns the premises, which include a shop and several music rooms. Shop sales are made for cash, while shop purchases are bought on credit. Mark-up is 20%. The treasurer supplied the following data. Figures at 1 January 2020 and 31 December 2020: Subscriptions in advance: $1200 / $1050 Subscriptions in arrears: $5215 / $5830 Total shop trade payables: $4275 / $4990 Shop inventory: $2500 / $2500 Balance at bank: $240 / $110 For the year ended 31 December 2020: Subscriptions received $36700 Shop purchases $34200 Shop purchases returns $1710 Interest charged on overdue shop trade payables accounts $200
May/June 2021
Which of the following statements about club accounts is correct?
May/June 2022
A sports club gave the following details for the financial year ended 31 December 2021: subscriptions paid in advance at 1 January 2021 $200; subscriptions owing at 31 December 2021 $450; subscriptions collected during the year $8800. What total subscriptions belonged to the year ended 31 December 2021?
May/June 2022
Which of the following statements about club accounts is correct?
May/June 2022
For the financial year ending 31 December 2021, a sports club gave the following figures: subscriptions paid in advance on 1 January 2021 $200; subscriptions outstanding on 31 December 2021 $450; subscriptions received during the year $8800. What was the total amount of subscriptions that belonged to the year ending 31 December 2021?
May/June 2022
The Sew and Soup Club gives membership to people who want to exchange sewing and knitting patterns. It also runs a café selling refreshments to members. At 31 December, the club had the following assets and liabilities. 2020 / 2021 Subscriptions in advance $2260 / $1745 Subscriptions in arrears $1820 / $2115 Inventory of refreshments $1070 / $1130 Rent paid in advance $500 / $500 Trade payables for refreshment supplies $1940 / $1580 Bank balance $4628 / $7743 For the year ended 31 December 2021, the totals below were recorded. Receipts: Subscriptions received (all by cheque) $13900 Cash sales of refreshments $17650 Payments: Rent $6000 Wages $7000 Other expenses $5000 Trade payables for refreshment supplies $10435
May/June 2022
What items are shown in the income and expenditure account of a tennis club?
May/June 2023
Which items are included when a sports club prepares an income and expenditure account?
May/June 2023
Melody is a music club. Once each year, the club stages a music concert. A judge selects the musicians who receive prizes. For the most recent music concert, the club gave these figures. Ticket sales for the concert: $1500 Concert prizes purchased: $450 Programme sales for the concert: $150 Fee paid to the concert judge: $250 What was the profit made from the concert?
May/June 2023
Which items are included in an income and expenditure account drawn up for a sports club? 1 the cost of furniture bought for the clubhouse during the year 2 depreciation of furniture and sports equipment 3 clubhouse rates paid in advance for the following financial year 4 subscriptions still unpaid by members at the end of the financial year
May/June 2023
Melody is a music club. The club stages a music concert once per year. A judge chooses the musicians who receive prizes. The club gave the following information about the most recent music concert. What was the profit made from the concert?
May/June 2023
Several years ago, the Favourite Book Club was established. Since the club began, the annual subscription has stayed at $52. Payment of subscriptions is made only by cheque or credit transfer. The treasurer supplied the information below. At 1 January 2022 / At 31 December 2022 Subscriptions in advance: $260 / $156 Subscriptions in arrears: $468 / $1040 Insurance paid in advance: $348 / $366 Cash at bank: $68 / $114 For the year to 31 December 2022: Receipts - Subscriptions received $5356 Payments - Rent paid $2080; Insurance paid $732; General expenses paid $2498 The club had 128 members in 2021 and 120 in 2022. The treasurer knows that 4 current members will not pay their subscriptions for 2022. She has chosen to write these subscriptions off.
May/June 2023
The Favourite Book Club was set up several years ago. The annual subscription of $52 has stayed the same since the club began. Members settle their subscriptions by cheque or by credit transfer. The treasurer supplied the information below. At 1 January 2022 / At 31 December 2022 Subscriptions in advance: $260 / $156 Subscriptions in arrears: $468 / $1040 Insurance paid in advance: $348 / $366 Cash at bank: $68 / $114 For the year ended 31 December 2022: Receipts - Subscriptions received $5356 Payments - Rent paid $2080, Insurance paid $732, General expenses paid $2498 In 2021 the club had 128 members and in 2022 it had 120. The treasurer knows that 4 current members will not pay their subscriptions for 2022, so she has chosen to write these subscriptions off.
May/June 2023
AB Sports Club operates a cafe9 for the benefit of its members. The treasurer drew up draft financial statements that indicated a deficit of \$700 and an accumulated fund of \$4600. He later found that the cafe9 closing inventory had been valued too highly by \$50. What would the deficit and the accumulated fund be after the inventory valuation was corrected?
May/June 2024
Which accounting statement, prepared by the treasurer of a sports club, gives a summary of all money received and all money paid out over the financial year?
May/June 2024
For the year ended 30 April 2019, a club obtained members’ subscriptions amounting to $12\,600. The extra information was as follows. - Subscriptions paid in advance on 30 April 2018: $1\,300 - Subscriptions outstanding on 30 April 2018: $800 - Subscriptions outstanding on 30 April 2019: $1\,100 What figure was shown in the income and expenditure account for subscriptions for the year ended 30 April 2019?
May/June 2024
Which of the following statements about a society’s accumulated fund are correct?
May/June 2024
During the year ended 30 April 2019, a club collected subscriptions from members amounting to $12\,600$. The information below was available. At 30 April 2018: subscriptions paid in advance $1\,300$, subscriptions in arrears $800$. At 30 April 2019: subscriptions paid in advance $-$, subscriptions in arrears $1\,100$. What amount was shown in the income and expenditure account for subscriptions for the year ended 30 April 2019?
May/June 2024
Which of the following statements about the accumulated fund of a society are correct?
May/June 2024
A club showed the balance of its accumulated fund in its statement of financial position. What does a sole trader call the equivalent item in a statement of financial position?
May/June 2025
In the year ending 31 March 2025, the club received subscriptions totalling $2500$, and $120$ of this was for the next financial year. At 31 March 2025, subscriptions accrued were $280$. What entries should appear in the club’s statement of financial position at 31 March 2025?
May/June 2025
The sports club’s bank account records that subscriptions amounting to $2695 were received in the financial year. This total includes $145 of subscriptions in arrears from the previous year. It also contains a subscriptions lodgement of $195 that is still outstanding. What amount for subscriptions should be shown in the receipts and payments account of the sports club?
May/June 2025
On match days, a tennis club provides refreshments for sale. When the first accounting period ended, the receipts and payments account contained these items: - receipts from refreshments sales $2300 - payments made to refreshments suppliers $1400 - wages paid $300 Refreshments left unsold at the year end had cost $200. An invoice for refreshments bought amounting to $75 had not yet been settled. What profit from sale of refreshments should be shown in the income and expenditure account?
May/June 2025
A club showed the balance on its accumulated fund in its statement of financial position. What would be the corresponding figure in the statement of financial position of a sole trader?
May/June 2025
A sports club was established on 1 September 2019. Which items might be included in the receipts and payments account for the year ending 31 August 2020?
Oct/Nov 2020
A sports club supplied the following figures: subscriptions for the year $26\,800$, profit on sale of refreshments $4200$, depreciation $1500$, rent and insurance $12\,600$, wages $3200$. What was the total income for the year?
Oct/Nov 2020
A club came into existence on 1 July 2019. For the year ending 30 June 2020, subscriptions paid by members amounted to $2500. Of this total, $120 was received in advance for the following financial year. Subscriptions due but not yet paid on 30 June 2020 were $280. How much should subscriptions be shown at in the income and expenditure account for the year ended 30 June 2020?
Oct/Nov 2020
A sports club was set up on 1 September 2019. What items might be shown in the receipts and payments account for the year ended 31 August 2020?
Oct/Nov 2020
BH Sports Club offers sporting facilities and a café for members and guests to use. The club’s financial year finishes on 31 July. The information below is provided.
Oct/Nov 2020
A sports club was set up on 1 August 2020. In the year ending 31 July 2021, the club bought equipment with a cost of $5000, and payment was made by cheque. In which of the club’s financial statements would this be recorded?
Oct/Nov 2021
A sports club was established on 1 August 2020. For the year ended 31 July 2021, the club bought equipment costing $5000 and paid by cheque. In which of the club’s financial statements would this be shown?
Oct/Nov 2021
A sports club has 100 members, and the annual subscription is $60$. For the year ended 31 August 2021: 12 members settled unpaid subscriptions from the earlier financial year. 10 members paid their subscriptions in advance for the next financial year. At 31 August 2021, the subscriptions for the current financial year were still unpaid by 8 members. Calculate the total amount received from members during the year ended 31 August 2021?
Oct/Nov 2021
A sports club was established on 1 August 2020. In the year ended 31 July 2021, the club bought equipment costing $5000 and paid for it by cheque. In which of the club’s financial statements would this be shown?
Oct/Nov 2021
VL Sports Club's financial year finishes on 31 December. The treasurer supplied the following receipts and payments details for the year ending 31 December 2020. Receipts: Subscriptions $19 200; Competition receipts $7300; Dinner dance ticket sales $6500. Payments: Competition prizes $4100; Dinner dance costs $6200; Equipment $12 000; General expenses $11 500. The treasurer additionally supplied the following details. 1 January 2020 / 31 December 2020 Equipment at net book value $23 000 / $30 000 General expenses owing $400 / $500 Subscriptions in arrears $700 / $300 Subscriptions in advance $1100 / $900 Of the subscriptions in arrears on 1 January 2020, $80 had still not been settled by 31 December 2020 and must be written off as irrecoverable.
Oct/Nov 2021
The financial year of VL Sports Club finishes on 31 December. The treasurer supplied the following receipts and payments information for the year ended 31 December 2020. Receipts: Subscriptions $19200; Competition receipts $7300; Dinner dance ticket sales $6500 Payments: Competition prizes $4100; Dinner dance costs $6200; Equipment $12000; General expenses $11500 The treasurer also supplied the following details. 1 January 2020 / 31 December 2020 Equipment at net book value $23000 / $30000 General expenses owing $400 / $500 Subscriptions in arrears $700 / $300 Subscriptions in advance $1100 / $900 From the subscriptions in arrears on 1 January 2020, $80 had still not been settled by 31 December 2020 and must be written off as irrecoverable.
Oct/Nov 2021
A club’s financial year finishes on 30 September. In the year ending 30 September 2022, the club obtained an interest-free loan from one of its members. In which of the club’s financial statements would this be shown?
Oct/Nov 2022
A cricket club gave the information below. On 1 August 2021: balance at bank $950 For the year ended 31 July 2022: net receipts from competition $1050; subscriptions received $2500; general expenses paid $1020; insurance paid $500; rent paid $1800 On 31 July 2022: subscriptions owing by members $120; insurance prepaid $20; depreciation of equipment $260 What was the bank balance on 31 July 2022?
Oct/Nov 2022
At the beginning of the year, a club’s accumulated fund was $18\,000$, and by the end of the year it had fallen to $16\,200$. During the year, new equipment costing $1\,100$ was purchased. The year’s total expenses amounted to $9\,550$. Subscriptions were the club’s only source of income. What was the amount of subscriptions for the year?
Oct/Nov 2022
A club’s financial year finishes on 30 September. In the year ending 30 September 2022, the club obtained an interest-free loan from one of its members. In which of the club’s financial statements would this be shown?
Oct/Nov 2022
At the start of the year, a club’s accumulated fund was $18000, and by the end of the year it had fallen to $16200. During the year, new equipment costing $1100 was purchased. The year’s total expenses came to $9550. Subscriptions were the only source of income. What was the amount of subscriptions for the year?
Oct/Nov 2022
A club’s financial year finishes on 30 September. In the year ending 30 September 2022, the club obtained an interest-free loan from one of its members. In which of the club’s financial statements would this be shown?
Oct/Nov 2022
The following figures relate to a cricket club. On $1$ August $2021$: bank balance $950$ For the year ended $31$ July $2022$: net receipts from competition $1050$ subscriptions received $2500$ general expenses paid $1020$ insurance paid $500$ rent paid $1800$ On $31$ July $2022$: subscriptions owing by members $120$ insurance prepaid $20$ depreciation of equipment $260$ What amount was held at the bank on $31$ July $2022$?
Oct/Nov 2022
At the beginning of the year, a club had an accumulated fund of $18000, and by the end of the year this had fallen to $16200. During the year, new equipment costing $1100 was purchased. The total expenses for the year amounted to $9550. The only source of income was subscriptions. What was the amount of subscriptions for the year?
Oct/Nov 2022
In a receipts and payments account, how is the recording of subscriptions received and subscriptions written off carried out?
Oct/Nov 2023
Par Golf Club operated a shop that sold golfing equipment to its members. The treasurer supplied the following figures for the shop for the year ending 31 December. Sales of golfing equipment: 5300 Opening inventory of golfing equipment: 400 Closing inventory of golfing equipment: 450 Purchases of golfing equipment: 2700 Returns from customers: 200 Carriage on purchases: 100 What was the shop’s gross profit for the year?
Oct/Nov 2023
A sports club runs a shop that sells running shoes to its members. The shoes are bought from suppliers on credit terms. Which item would be entered in the receipts and payments account?
Oct/Nov 2023
In a receipts and payments account, in what way are subscriptions received and subscriptions written off shown?
Oct/Nov 2023
Par Golf Club operated a shop retailing golfing equipment to its members. The treasurer gave the following details for the shop for the year ended 31 December: sales of golfing equipment $5300$ opening inventory of golfing equipment $400$ closing inventory of golfing equipment $450$ purchases of golfing equipment $2700$ returns from customers $200$ carriage on purchases $100$ What was the shop’s gross profit for the year?
Oct/Nov 2023
The treasurer of a sports club supplied the details below. clubhouse and sports fields were valued at $250\,000$ sports equipment was valued at $80\,000$ cash at bank amounted to $12\,000$ bank loan stood at $14\,000$ subscriptions accrued totalled $2\,800$ What was the amount of the accumulated fund?
Oct/Nov 2024
What would be shown in a receipts and payments account of a social club?
Oct/Nov 2024
The Daylee Sports Club was established in January. In its first year, the club bought equipment costing $5000$, and payment was made by cheque. Which financial statements of the club are affected by this equipment purchase?
Oct/Nov 2024
The ledger account below was recorded in the club’s books for the year ending $31$ December. Which statement is correct?
Oct/Nov 2024
The treasurer of a sports club gave the information shown below. Clubhouse and sports fields: $250\,000$ Sports equipment: $80\,000$ Cash at bank: $12\,000$ Bank loan: $14\,000$ Subscriptions accrued: $2\,800$ What was the value of the accumulated fund?
Oct/Nov 2024
Which items would appear in a receipts and payments account for a social club? 1. cash paid for new furniture for the clubhouse 2. depreciation charged on the clubhouse furniture 3. subscriptions from the previous year received during the current year 4. subscriptions still owing by members at the end of the current year
Oct/Nov 2024
Sports T is a club that provides sporting facilities for its members. The club hires all sporting equipment. The club also operates a small café that sells food and refreshments for use by members and guests. All café sales are made on a cash basis. The club treasurer has supplied the following details for the year ending 31 December 2023: Receipts during the year: Café sales $27000; Members’ subscriptions $162000; Bank interest $720. Payments made during the year: Sports coaches’ salaries $58220; Administration salaries $31720; Café assistant’s wages $14352; Rent of premises $16250; Hiring costs - sports equipment $31900; Rates and insurance $3200; Purchases of food and drink for resale $8220; Accountancy fees $2400. Balances at 1 January 2023: Inventory of food & drink $1290; Subscriptions owing from previous year $1520; Receipts and payments account $3300 debit. Balances at 31 December 2023: Inventory of food & drink $1340; Subscriptions received in advance $2800; Subscriptions outstanding $1280. Additional information: 1. The agreement for hiring the sports equipment is $34 800 per annum and payment is made monthly. 2. Rent of premises is paid for the period from 1 January 2023 up to 31 January 2024.
Oct/Nov 2024
A sports club was set up on 1 January. It has a clubhouse and also operates a snack bar for its members. Which items should be entered in the receipts and payments account for the first year ended 31 December? 1. new furniture for use in the clubhouse, paid by credit transfer 2. subscriptions received from club members in advance for the next financial year 3. subscriptions due from club members at the close of the financial year 4. snack bar wages due at the close of the financial year
Oct/Nov 2025
A sports club began operating a café, selling hot and cold drinks and confectionery, on 1 January 2024. The following figures are provided for the year ended 31 December 2024: sales $3200$, purchases $1750$, wages paid to the café assistant $500$, inventory at 31 December 2024 $250$. Calculate the profit on the café for the year ended 31 December 2024?
Oct/Nov 2025
For a club, the income and expenditure during the year were as follows: [table of income and expenditure shown]. What does the $170 figure show?
Oct/Nov 2025