Membership fees of Gizmo Soccer Club was R800 per year for 20.1 and R850 per...
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Accounting
Membership fees of Gizmo Soccer Club was R800 per year for 20.1 and R850 per year for 20.2. On 31 December 20.1, it was noted that 7 members did not pay their membership fees for 20.1 and 5 members paid their membership fees for the 20.2 on 31 December. The membership fees of 3 members, which was in arrears on 31 December 20.1, must be written off as irrecoverable. The financial year-end of Gizmo Soccer Club is 31 December. The amount of credit losses to be disclosed in the income and expenditure statement for the year ended 31 December 20.2 is
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