Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

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?

  • A$7750
  • B$8850
  • C$11350
  • D$12450

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