Cambridge IGCSE Accounting practice

Paper 2 structured question: Clubs and societies

Try the question first, then check the answer and practise the same topic again.

At a glance

Paper

Marks

Topic

Clubs and societies

Exam-style question

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Paper 2Structured Written Paper2 marks

A local sports club has prepared its financial statements for the year ending 31 December 2023.

Description

The club received $10,000 from membership fees and spent $7,000 on various expenses including equipment and maintenance.

a
Calculate the surplus for the year based on the provided financial summary.
Your answer
Aim for approximately 2 distinct marking points.
[2]

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Paper 2Structured Written Paper4 marks

Data Table

The charity received donations of $15,000 and incurred expenses of $12,000.

Description	Amount
Donations	$15,000
Expenses	$12,000

a
Prepare the income and expenditure account for the charity for the year.
Your answer
Aim for approximately 4 distinct marking points.
[4]