Not-for-profit organisations and incomplete records

Question 1 of 10

Subscriptions received in advance are shown as

Question 2 of 10

An excess of income over expenditure in a club is a

Question 3 of 10

A club's summary of all cash received and paid during a year is the

Question 4 of 10

Cost of sales GH¢24,000 and margin 20%. Sales were

Question 5 of 10

A club's opening accumulated fund is GH¢8,000; surplus GH¢2,500; life subscriptions capitalised GH¢500. The closing accumulated fund is

Question 6 of 10

A statement of affairs is used to find

Question 7 of 10

The capital of a club is called the

Question 8 of 10

A receipts and payments account is a summary of

Question 9 of 10

Life membership fees are usually

Question 10 of 10

Mark-up of 25% on cost is equivalent to a margin on sales of