A sports club provided the following information at the end of its first financial year: $ Subscriptions
Question:
A sports club provided the following information at the end of its first financial year:
$
Subscriptions received for the current year .................................................... 9,750
Subscriptions received in advance for the following year .............................. 150
Expenses of sports competition ....................................................................... 2,040
Rates and insurance .......................................................................................... 1,986
General expenses ................................................................................................ 787
General expenses accrued at the end of the year .......................................... 103
Balance at bank at the end of the year .............................................................. 7,403
Receipts from sports competition entry fees .................................................... ?
How much was received from the sports competition entry fees?
A. $2,316
B. $2,466
C. $3,103
D. $3,253
Step by Step Answer:
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom