The newest 20 of 48 written questions. Open one to see it on the real paper.
Discuss the significance of changes in membership and the effect on the club’s funds with reference to the entries in these ledger accounts. Additional information The receipts and payments account of the club for the year ended 31 December 2024 was as follows: $ $ Annual subscriptions 19 600 Balance b/d 1 450 Life mem...
See it on the paper →Prepare the income and expenditure account for the year ended 31 December 2024. Workings: Additional information The total assets of the club at 31 December 2024 amounted to $18 620.
See it on the paper →Calculate the accumulated fund at 31 December 2024. Additional information The managing committee has received a suggestion that the club starts to operate a shop selling sports clothing and footwear to members.
See it on the paper →Advise the committee members whether or not the club should adopt this suggestion. Justify your answer.
See it on the paper →Prepare a statement showing the changes in the accumulated fund during the year ended 31 December 2024. Additional information The tenancy of the club’s premises will end on 31 December 2025. The landlord has indicated that the tenancy will not be renewed. The managing committee is considering purchasing the club’s own...
See it on the paper →Explain why the club adopts the policy of spreading life membership fees over ten years equally.
See it on the paper →Calculate the profit/loss from operating the vending machine for the year ended 31 December 2024.
See it on the paper →Prepare the income and expenditure account for the year ended 31 December 2024.
See it on the paper →Prepare a statement showing the changes in the accumulated fund during the year ended 31 December 2024. Additional information The tenancy of the club’s premises will end on 31 December 2025. The landlord has indicated that the tenancy will not be renewed. The managing committee is considering purchasing the club’s own...
See it on the paper →Advise the managing committee whether or not Meena’s offer should be accepted. Justify your answer.
See it on the paper →Discuss how this suggestion from the pharmaceutical company may impact C Society.
See it on the paper →Calculate the balance on the life membership fund after the transfer to the income and expenditure account on 31 May 2023.
See it on the paper →Calculate the surplus or deficit for the year ended 31 May 2023 by comparing the values of the accumulated fund.
See it on the paper →Calculate the profit or loss made on holding tournaments for the year ended 31 May 2023.
See it on the paper →Prepare the income and expenditure account for the year ended 31 May 2023. The balancing figure is to be called ‘other operating expenses’. Workings: Additional information The managing committee of the club is considering increasing the entry fee for the tournaments by 10% in the coming year.
See it on the paper →Advise the committee whether or not it should increase the entry fee for the tournaments by 10%. Justify your answer.
See it on the paper →the profit from the sale of refreshments for the year ended 31 December 2022
See it on the paper →the value of life membership fees to be included in the income and expenditure account for the year ended 31 December 2022.
See it on the paper →Prepare the subscriptions account for the year ended 31 December 2022. Additional information The deficit for the year was calculated as $1540. The managing committee was concerned about the financial performance of the club.
See it on the paper →Prepare the club’s income and expenditure account for the year ended 31 December 2022. Workings:
See it on the paper →There were some correct calculations, but many candidates failed to account for the transfer at the end of the year to the income and expenditure account.
— Examiner report, October/November 2023, 9706/32 Q2(a) (Cambridge)
This question was not well answered with very few correct calculations. A significant number of candidates ignored the requirement to compare the values of the accumulated fund at the beginning and end of the year. Very few candidates adjusted for the balance on the life membership fund.
— Examiner report, October/November 2023, 9706/32 Q2(b) (Cambridge)
This question was well answered and there were a high number of correct solutions. Errors included the incorrect treatment of the prepaid and accrued expenses and the inclusion of subscriptions in the calculation.
— Examiner report, October/November 2023, 9706/32 Q2(c) (Cambridge)
Past papers, syllabus and examiner reports © UCLES (Cambridge University Press & Assessment). Questions are matched to topics from the official syllabus. AssessPro is independent and not endorsed by Cambridge.