An Income and expenditure account for the year ended 31 December 2022

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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 An Income and expenditure account for the year ended 31 December 2022

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Part B
The following receipts and payments account of Westland Football Club for the year ended
31 December 2022 was as follows:
Receipts and Payments Account
Amount Date
($)
1050
Date
1 Jan
2021
Details
Bal b/d
Subscriptions
Sales of equipment
Match collections
Gifts
Refreshment sales
Additional information:
Refreshment Inventory
Owing to refreshment suppliers
Subscriptions in advance
Subscriptions prepaid
Refreshment wages due
You are required to prepare :
2275
150
450
750
6250
10925
Details
40
30
80
25
Purchase of
equipments
Match expenses
General expenses
Refreshment
purchases
Refreshment wages
Bal c/d
Amount
(S)
675
325
155
3800
125
5845
10925
1 January 2022 ($) 31 December 2022 ($)
610
820
110
70
120
40
Transcribed Image Text:Part B The following receipts and payments account of Westland Football Club for the year ended 31 December 2022 was as follows: Receipts and Payments Account Amount Date ($) 1050 Date 1 Jan 2021 Details Bal b/d Subscriptions Sales of equipment Match collections Gifts Refreshment sales Additional information: Refreshment Inventory Owing to refreshment suppliers Subscriptions in advance Subscriptions prepaid Refreshment wages due You are required to prepare : 2275 150 450 750 6250 10925 Details 40 30 80 25 Purchase of equipments Match expenses General expenses Refreshment purchases Refreshment wages Bal c/d Amount (S) 675 325 155 3800 125 5845 10925 1 January 2022 ($) 31 December 2022 ($) 610 820 110 70 120 40
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