Quelpr
5 marksNon-Profit Organisations

CSEC Principles of Accounts · January 2017 · Paper 2 · Question 6(a)

Miracle Charity Group is a non-trading organisation. Assets and liabilities as at 1 September 2015 are provided: bank overdraft 13,400; foodstuff inventory 16,375; shelter furniture 48,555; government grants owing 23,595; shelter building 120,000; subscriptions in arrears 12,150; wages owing $15,205.

Prepare a Classified Balance Sheet of Miracle Charity Group as at 1 September 2015.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 6(b)Prepare a Receipts and Payments Account for Miracle Charity Group for the year ended 31 August 2016.[6 marks]
  2. 6(c)(i)Calculate the amount of foodstuff consumed for the year.[2 marks]
  3. 6(c)(ii)Calculate the total depreciation expense to be subtracted.[3 marks]
  4. 6(c)(iii)Calculate the amount of subscriptions paid per member.[2 marks]
  5. 6(c)(iv)Calculate the amount of subscriptions outstanding from all members at year end.[2 marks]

More practice: the rest of this paper · more Non-Profit Organisations questions · all CSEC Principles of Accounts past papers