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5 marksNon-Profit Organisations

CSEC Principles of Accounts · January 2010 · Paper 2 · Question 5(a)

Swains Spring Chess Club provided its Receipts and Payments Account for the year ended August 31, 2009 along with asset, liability, and accrual balances at September 1, 2008 and August 31, 2009. Equipment is depreciated at 10% per annum.

Prepare a statement showing the Accumulated Fund at September 1, 2008.

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Other parts of this question

  1. 5(b)Prepare the Subscriptions Account.[4 marks]
  2. 5(c)Prepare a statement showing the profit or loss made on refreshments.[4 marks]
  3. 5(d)Prepare an Income and Expenditure Account for the year ended August 31, 2009.[7 marks]

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