CSEC Principles of Accounts · May/June 2014 · Paper 2 · Question 6(b)(iii)

Young Achievers Credit Union Co-operative provided a Receipts and Payments Account for March 2014, including a fundraising BBQ event with ticket sales 6 840, meat purchases 950, drinks purchases 1 200, advertising 200, wages 750. Opening drinks stock on 01 March was 650; unsold drinks at end were 1 170. Other receipts: deposit interest 4 240, loan interest $3 960.

Calculate the amount of income for the month of March 2014, showing working clearly.

This question uses a figure or table from the paper — you'll see it when you practise.