The following receipts and payments account for the year ended 31 December 2017 has been prepared for
Question:
The following receipts and payments account for the year ended 31 December 2017 has
been prepared for the St Mary’s Sports Club:
The assets and liabilities of the club other than the bank balance were:
Required:
(i) Prepare a bar trading account for the St Mary’s Sports Club for the year ended 31
December 2017.
(ii) Prepare an income and expenditure account for the St Mary’s Sports Club for the
year ended 31 December 2017.
(iii) Prepare a balance sheet for the St Mary’s Sports Club as at 31 December 2017.
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