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?
- Areceipts and payments account; income and expenditure account
- Breceipts and payments account; statement of financial position
- Cincome and expenditure account; statement of financial position
- Dstatement of financial position only