n 1 ion Bal b/d Subscriptions ** Sales of equipment Match collections Gifts Refreshment sales information: 1050 2275 150 450 750 6250 10925 Purchase of equipments Match expenses General expenses 675 325 155 3800 Refreshment purchases ✔Refreshment wages 125 Bal c/d 5845 10925

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following receipts and payments account of Westland Football Club for the
31 December 2022 was as follows:
Date
1 Jan
2021
✓
✓
✓
Details
Bal b/d
Subscriptions
**
Sales of equipment
Match collections
Gifts
Receipts and Payments Account
Refreshment sales
Additional information:
Refreshment Inventory
Owing to refreshment suppliers
Subscriptions in advance
Subscriptions prepaid ✓
Refreshment wages due
Amount Date
1050
2275
150
450
750
6250
10925
Details
Purchase of
equipments
Match expenses
General expenses
year ended
Amount
($)
675
235
325
155
3800
Refreshment
purchases
Refreshment wages 125
Bal c/d
5845
10925
1 January 2022 ($) 31 December 2022 ($)
t 610
820
40
110
30
70
80
120
40
You are required to prepare :
An Income and expenditure account for the year ended 31 December 2022
Transcribed Image Text:The following receipts and payments account of Westland Football Club for the 31 December 2022 was as follows: Date 1 Jan 2021 ✓ ✓ ✓ Details Bal b/d Subscriptions ** Sales of equipment Match collections Gifts Receipts and Payments Account Refreshment sales Additional information: Refreshment Inventory Owing to refreshment suppliers Subscriptions in advance Subscriptions prepaid ✓ Refreshment wages due Amount Date 1050 2275 150 450 750 6250 10925 Details Purchase of equipments Match expenses General expenses year ended Amount ($) 675 235 325 155 3800 Refreshment purchases Refreshment wages 125 Bal c/d 5845 10925 1 January 2022 ($) 31 December 2022 ($) t 610 820 40 110 30 70 80 120 40 You are required to prepare : An Income and expenditure account for the year ended 31 December 2022
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