A summary of the Balgreen Bowling Clubs cash book is shown below. From it, and the additional
Question:
A summary of the Balgreen Bowling Club’s cash book is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2024, and a balance sheet as at that date.
Further information:
(i ) At 1.1.2024 equipment was valued at £6,000.
(ii ) Depreciate the value of all equipment at a rate of 10% for the year.
(iii ) At 31.12.2024 rent paid in advance was £1,200.
(iv ) At 31.12.2024 there was £80 owing for printing.
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Balgreen Bowling Club Income and Expenditure Account for the year ending ...View the full answer
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