ABC sports and Social Club's financial year ends on 31st March. The assets and liabilities of the club at dates stated were as follow : At 31-3-2015 $ At 31-3-2014 $ Equipment Subscriptions in arrears...


ABC sports and Social Club's financial year ends on 31st March. The assets and<br>liabilities of the club at dates stated were as follow :<br>At 31-3-2015<br>$<br>At 31-3-2014<br>$<br>Equipment<br>Subscriptions in arrears<br>Subscription in advance<br>Creditors for Bar Stocks<br>25,000<br>2,000<br>1,300<br>3,500<br>8,000<br>1,050<br>28,000<br>1,800<br>1,100<br>4,300<br>6,000<br>1,400<br>?<br>Bar stocks<br>Electricity owing<br>Raffle (Lottery) Fund<br>Bank Balance<br>500<br>7,230<br>?<br>For the year ending 31 March 2015, cash receipts and payments made were :<br>$<br>$<br>1,000<br>8,000<br>20,500<br>7,500<br>14,400<br>3,000<br>600<br>Affiliation fees (for four years)<br>Subscriptions (including $ 600<br>of arrears from previous year)<br>Bar takings<br>Annual dinner/dance sale of tickets<br>Sale of raffle tickets<br>21,000 Purchases of Equipment<br>41,000 Bar Stocks<br>24,000 Barman's Wages<br>1,800 Catering (dinner/dance)<br>Hire of Band (dinner/dance)<br>Raffle Prizes<br>Rent of Hall<br>Printing and Postage<br>Eļectricity<br>15,000<br>2,000<br>5,810<br>1,220<br>3,000<br>Honorary Secretary's Expenses<br>Repairs to Equipment<br>Note. Subscription arrears of previous year written off $ 400. Prepare (i) A Bar Trading Account;<br>(i) Income and Expenditure Account for the year ending 31st March 2015;<br>

Extracted text: ABC sports and Social Club's financial year ends on 31st March. The assets and liabilities of the club at dates stated were as follow : At 31-3-2015 $ At 31-3-2014 $ Equipment Subscriptions in arrears Subscription in advance Creditors for Bar Stocks 25,000 2,000 1,300 3,500 8,000 1,050 28,000 1,800 1,100 4,300 6,000 1,400 ? Bar stocks Electricity owing Raffle (Lottery) Fund Bank Balance 500 7,230 ? For the year ending 31 March 2015, cash receipts and payments made were : $ $ 1,000 8,000 20,500 7,500 14,400 3,000 600 Affiliation fees (for four years) Subscriptions (including $ 600 of arrears from previous year) Bar takings Annual dinner/dance sale of tickets Sale of raffle tickets 21,000 Purchases of Equipment 41,000 Bar Stocks 24,000 Barman's Wages 1,800 Catering (dinner/dance) Hire of Band (dinner/dance) Raffle Prizes Rent of Hall Printing and Postage Eļectricity 15,000 2,000 5,810 1,220 3,000 Honorary Secretary's Expenses Repairs to Equipment Note. Subscription arrears of previous year written off $ 400. Prepare (i) A Bar Trading Account; (i) Income and Expenditure Account for the year ending 31st March 2015;

Jun 11, 2022
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