Subsection 5.4. Clubs and societies for Accounting, O Level - revisedeck

5.4. Clubs and societies

A subsection of Accounting, 7707, through 5. Preparation of financial statements

Listing 10 of 22 questions

A sports club was formed on 1 September 2019. What may appear in the receipts and payments account for the year ended 31 August 2020?

7707_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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A sports club was formed on 1 August 2020. During the year ended 31 July 2021 the club purchased equipment costing $5000, paying by cheque. In which of the club’s financial statements did this appear?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club’s financial statements will this appear?

7707_w22_qp_12

MCQ

2022

Paper 1, Variant 2

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A club had an accumulated fund at the start of the year of $18 000 and at the end of the year of $16 200. New equipment costing $1100 was bought during the year. Total expenses for the year were $9550. The only income came from subscriptions. How much were subscriptions for the year?

7707_w22_qp_12

MCQ

2022

Paper 1, Variant 2

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The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club’s financial statements will this appear?

7707_w22_qp_13

MCQ

2022

Paper 1, Variant 3

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A club had an accumulated fund at the start of the year of $18 000 and at the end of the year of $16 200. New equipment costing $1100 was bought during the year. Total expenses for the year were $9550. The only income came from subscriptions. How much were subscriptions for the year?

7707_w22_qp_13

MCQ

2022

Paper 1, Variant 3

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A sports club operates a shop selling running shoes to members. These shoes are purchased on credit terms from suppliers. Which item is recorded in the receipts and payments account?

7707_w23_qp_12

MCQ

2023

Paper 1, Variant 2

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How are subscriptions received and subscriptions written off recorded in a receipts and payments account?

7707_w23_qp_13

MCQ

2023

Paper 1, Variant 3

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The treasurer of a sports club provided the following information. $ clubhouse and sports fields sports equipment cash at bank bank loan subscriptions accrued What was the amount of the accumulated fund?

7707_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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What will be included in a receipts and payments account of a social club?

7707_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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Questions Discovered

22