SECTION B

ANSWER ANY TWO $(2)$ QUESTIONS

QUESTION $2[30$ MARKS$]$

The following receipts and payments account of Rangers Club for the year ended $31$

October $2023$ was as follows:

Receipts and Payments Account

Additional information:

Refreshment Inventory

Owing to bar suppliers

Subscriptions accrued

Subscriptions prepaid

Bar wages due

Equipment

$1$ November $2022$

$1,340$

$120$

$70$

$170$

$90$

$2,000$

$31$ October $2023$

$1,380$

$210$

$40$

$130$

$55$

$2,750$

REQUIRED

$($a$)$ A statement to calculate the accumulated fund

$($b$)$ A subscriptions account

$(6$ marks$)$

$($c$)$ A Bar Trading account for the year ended $31$ October $2023$

$(4$ marks$)$

$(8$ marks$)$

$($d$)$ An Income and expenditure account for the year ended $31$ October $2023$