Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

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.
(a)[6]

Prepare the subscriptions account for the year ended 31 July 2020. Make the account balance and bring the balances down on 1 August 2020.

(b)[4]

Calculate the café profit for the year ended 31 July 2020.

(c)[7]

Prepare the income and expenditure account for the year ended 31 July 2020.

(d(i))[1]

State what the balance on BH Sports Club’s accumulated fund shows.

(d(ii))[2]

State the impact that the surplus or deficit on BH Sports Club’s income and expenditure account for the year ended 31 July 2020 will have on the accumulated fund.

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