Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

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

  • A1 and 2
  • B1 and 4
  • C2 and 4
  • D3 and 4

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