Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assignment- que the treasurer of the ks sports clu

ASSIGNMENT- Que The treasurer of the KS Sports Club provided the following information...

50.1K

Verified Solution

Question

Accounting

image

ASSIGNMENT- Que The treasurer of the KS Sports Club provided the following information NS 2 620 2 000 At 1 August 2020 Bank overdratt 5% loan from AB Loans Receipts and payments during the year ended 31 July 2021 Subscriptions received from members Loan interest and repayment of loan Short-term interest free loan received from a member General expenses Rates and insurance Purchase of new sports equipment Repairs to sports equipment Proceeds of sale of old sports equipment (book value N$750) Receipts from sports tournament Expenses of sports tournament 2 2 100 1 000 435 3 120 4 150 215 870 525 335 At 31 July 2021 General expenses accrued Insurance prepaid 25 150 (b) Prepare the receipts and payments account for the year ended 31 July 2021 Balance the account and bring down the balance on 1 August 2021 KS Sports Club Receipts and Payments Account for the year ended 31 July 2021 Date Details Fol Amount Dato Details Fol NS Amount NS (15) [23) ) 8 NSSCOACH - Alignment 2-2021

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

How much heat in kilojoules is required to warm 10.0 g of ice, initially at -20.0...

Biology
1.2K views

Plant Physiology suppose you suspect your gene of interest is expressed during M -phase, what type of...

Biology
1.2K views

answer off the internet 1 What part of the liberal demands do you think were...

Physics
1.2K views

Four equal charges q are placed at centre of a conducting hollow sphere If they...

Geometry
1.2K views

A teacher asked her students which of the following states FL AL TN they have...

Basic Math
1.2K views

1 point A group of college students were asked about their TV watching habits Of...

Basic Math
1.2K views

4 8 pts Find the length of the arc of a circle of 13 cm...

Calculus
1.2K views

Find the radius of convergence for X 3x n 1 n

Accounting
1.2K views

Week 2/CH 14 Discussion: Long-Term Liabilities Discuss in detail why bonds may be sold or...

Accounting
1.2K views

What is a Secondary Market? A. The amount the seller receives following the...

Accounting
1.2K views

Retirement assets total $4,861,000. Assume its invested for another 24 years and that assumes an...

Accounting
1.2K views

Questions: 1. What is the net Form W-2 wages? 2. What is miscellaneous income? 3....