Question 2 From the information given below, calculate the amount of subscriptio

Question

Question 2
From the information given below, calculate the amount of subscription to be shown in the Income and
Expenditure Account of ABC Club. (Show your workings)
Subscriptions due on 1st April, 2013 amounted to ZMK 13 750; while the club has a total membership of
1 150. The annual subscription per member is ZMK 625.
The following receipts in respect of subscriptions were extracted from the Receipts and Payments
Account of ABC for the financial year ended 31st March, 2015.
Year 2015/16 K5 000
Year 2013/14 K12 500
Year 2014/15 K133 750

Explanation / Answer

01-04-2013=zmk13750

Membershio fee=1150*zmk625=zmk718750

Receipt 2013-14=k12500

2014/15=k133750

2015-16=k5000

Total Subcription=k13750+k718750+k12500+k133750+k5000

=k883750

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.