Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

The treasurer of a sports club gave the information shown below. Clubhouse and sports fields: $250\,000$ Sports equipment: $80\,000$ Cash at bank: $12\,000$ Bank loan: $14\,000$ Subscriptions accrued: $2\,800$ What was the value of the accumulated fund?

  • A$325\,200$
  • B$328\,000$
  • C$330\,800$
  • D$342\,000$

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