Clubs and societies: past paper questions
Real questions on clubs and societies
The newest 14 of 14 written questions. Open one to see it on the real paper.
- 7707/22 · October/November 2024 · Q3c[10]
Prepare the income and expenditure account of Sports T club for the year ended 31 December 2023. Sports T club Income and expenditure account for the year ended 31 December 2023 $ $
See it on the paper → - 7707/23 · October/November 2021 · Q5a[8]
Prepare the subscriptions account for the year ended 31 December 2020. Balance the account and bring down the balances on 1 January 2021. VL Sports Club Subscriptions account Date Details $ Date Details $ REQUIRED
See it on the paper → - 7707/23 · October/November 2021 · Q5b[9]
Prepare the income and expenditure account for VL Sports Club for the year ended 31 December 2020. VL Sports Club Income and Expenditure Account for the year ended 31 December 2020 $ $ The treasurer of VL Sports Club wants to encourage more members to pay their subscriptions in advance by offering a 10% reduction in an...
See it on the paper → - 7707/22 · October/November 2020 · Q2a[6]
Prepare the subscriptions account for the year ended 31 July 2020. Balance the account and bring down the balances on 1 August 2020. BH Sports Club Subscriptions account Date Details $ Date Details $
See it on the paper → - 7707/22 · October/November 2020 · Q2c[7]
Prepare the income and expenditure account for the year ended 31 July 2020. BH Sports Club Income and Expenditure Account for the year ended 31 July 2020 $ $
See it on the paper → - 7707/22 · October/November 2020 · Q2d(i)[1]
State what the balance on BH Sports Club’s accumulated fund represents.
See it on the paper → - 7707/22 · October/November 2020 · Q2d(ii)[2]
State the effect that the surplus or deficit on BH Sports Club’s income and expenditure account for the year ended 31 July 2020 will have on the accumulated fund. PLEASE TURN OVER
See it on the paper → - 7707/21 · May/June 2020 · Q1b[8]
Prepare the receipts and payments account for the ZED Sports Club for the year ended 29 February 2020. Balance the account and bring down the balance on 1 March 2020. ZED Sports Club Receipts and Payments Account for the year ended 29 February 2020 Date Details $ Date Details $ The club’s bank statement at 29 February...
See it on the paper → - 7707/21 · May/June 2020 · Q1d[3]
State three differences between a receipts and payments account and an income and expenditure account. Receipts and payments account Income and expenditure account 1 2 3 PLEASE TURN OVER
See it on the paper → - 7707/22 · May/June 2020 · Q2a[4]
Calculate the accumulated fund at 1 April 2019.
See it on the paper → - 7707/22 · May/June 2020 · Q2b[2]
State how the accumulated fund of a club is built up over time. The following information is available for the year ended 31 March 2020. Subscriptions received (all by cheque) Subscriptions written off as irrecoverable Wages paid to refreshments bar staff $ 8 500 155 1 250 Balances at 31 March 2020 included the followi...
See it on the paper → - 7707/22 · May/June 2020 · Q2c[2]
Calculate the refreshment bar staff wages for the year ended 31 March 2020.
See it on the paper → - 7707/22 · May/June 2020 · Q2d[7]
Prepare the subscriptions account for the year ended 31 March 2020. Balance the account and bring down the balances on 1 April 2020. K Music Club Subscriptions account Date Details $ Date Details $
See it on the paper → - 7707/22 · May/June 2020 · Q2e[5]
Advise the club treasurer whether or not club members should be required to pay their subscriptions by direct debit. Justify your answer by providing two advantages and two disadvantages. PLEASE TURN OVER
See it on the paper →
What examiners said
BH Sports club is a non-trading organisation and the steps to produce financial statements required are specified clearly in the syllabus. To produce the subscriptions account, the same technique is applied as used in control account preparation. Opening and closing subscriptions have to be entered correctly along with any receipts from both cash and cheques/direct transfers through the receipts...
— Examiner report, October/November 2020, 7707/22 Q2(a) (Cambridge)
The income and expenditure account was consequently not well attempted, with adjustments for insurance being ignored and depreciation, when calculated, needed to identify specific non-current asset narratives such as sports hall or sports equipment. Members need to be aware if equipment requires replacing and possible funding implications for the future.
— Examiner report, October/November 2020, 7707/22 Q2(c) (Cambridge)
Many candidates expressed incorrectly that the accumulated fund represented the capital of the organisation. There are no shares for a non-trading organisation, only excesses of income built up through subscriptions and donations beginning from when the club commenced.
— Examiner report, October/November 2020, 7707/22 Q2(d)(i) (Cambridge)
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