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ASSIGNMENT-2021 Question 3 The financial year of the KS Sports Club ends on 31 July....

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ASSIGNMENT-2021 Question 3 The financial year of the KS Sports Club ends on 31 July. The club has 150 members and the annual subscription is N$50 On 1 August 2020 subscriptions were outstanding from 5 members and 2 members had paid their subscription in advance for the next financial year, On 31 July 2021 subscriptions had been paid in advance for the next financial year by 4 members. REQUIRED (a) Prepare the subscriptions account for the year ended 31 July 2021 to show the amount received for subscriptions during the year Balance the account and bring down the balance on 1 August 2021 General Ledger of KS Sports Club Subscriptions account Cr Dr Details Date Details Fol Fol Amount N$ Amount Date N$ ME (8) NU NO NO NSSCO AG-Assignment 2. 2021

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