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The Oxford Student Association is a club of Oxford students that was founded two years...

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Accounting

The Oxford Student Association is a club of Oxford students that was founded two years ago to promote the social wellbeing of the members. The opening trial balance on 1 January 2023 was as folloys:
\table[[,\table[[,\table[[Cr]],],[Accumulated fund,,12110],[Damages fund,,10000],[Furniture,12700,],[Accumulated depreciation:],[Furniture,,2500],[Investments,10000,],[Accounts receivable,3000,414],[Accounts payable,,2390],[Bank,1300,W.145],[27000,27000]]]]
The statement of receipts and payments for the year ended 31 December 2023 is as follows
\table[[,Receipts,Payments],[,R,R
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