Nov 2015 Q2 b.

The following information relate to “God will Provide” Youth Club for the accounting period of 2014.

Additional Information are:
i. Cash in hand as at 01/01/14                                                 18,000
ii. Subscription owing as at 01/01/14                                       8,000
iii. Any subscription outstanding is written off in the following year if it is not paid.

You are required to prepare:
i. Receipts and Payments Account for the year ended 31st December, 2014                                                                      (5 marks)

ii. Subscription Account                                                                                                                                                      (3 marks)

iii. Income and Expenditure for the year ended 31st December, 2014                                                                                (7 marks)