Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

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?

  • A$570$
  • B$650$
  • C$660$
  • D$670$

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