Clubs and societies — Paper 1 · IGCSE Accounting 0452

25 A cricket club set up a snack bar on 1 January 2019. The following information is available. $ for the year ended 31 December 2019 receipts from sales of snacks 3250 cost of purchases of snacks 2500 wages of snack bar assistant 250 at 31 December 2019 cost of snacks unsold 520 What was the profit made by the snack bar? A $500 B $750 C $1020 D $1270

1 marks

Answer: C

This question in 0452/12 Feb/March 2020

26 A social club had the following assets and liabilities. $ non-current assets 6550 cafe expenses owing 25 subscriptions owing by members 50 balance at bank 500 debit owing to credit suppliers 300 cafe inventory 500 What was the accumulated fund? A $6275 B $6325 C $7175 D $7275

1 marks

Answer: D

This question in 0452/12 Feb/March 2020

24 A sports club was formed on 1 September 2019. What may appear in the receipts and payments account for the year ended 31 August 2020? A closing bank balance B closing inventory of club shop C depreciation of sports equipment D subscriptions in arrears

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2020

23 A sports club provided the following information. $ subscriptions for the year 26 800 profit on sale of refreshments 4 200 depreciation 1 500 rent and insurance 12 600 wages 3 200 What was the total income for the year? A $15 800 B $17 300 C $22 600 D $31 000

1 marks

Answer: D

This question in 0452/12 Oct/Nov 2020

24 A club was formed on 1 July 2019. During the year ended 30 June 2020 subscriptions received from members totalled $2500. This included $120 paid in advance for the next financial year. Subscriptions outstanding on 30 June 2020 amounted to $280. How much was recorded for subscriptions in the income and expenditure account for the year ended 30 June 2020? A $2100 B $2500 C $2660 D $2780

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2020

24 A sports club was formed on 1 September 2019. What may appear in the receipts and payments account for the year ended 31 August 2020? A closing bank balance B closing inventory of club shop C depreciation of sports equipment D subscriptions in arrears

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2020

24 Which group contains only items which may be recorded in both the income statement of a trading business and the income and expenditure account of a club? A bank charges, depreciation, wages B bank charges, gross profit, sales revenue C deficit, sales revenue, treasurer’s expenses D depreciation, treasurer’s expenses, wages

1 marks

Answer: A

This question in 0452/12 Feb/March 2021

25 The following ledger account appeared in the books of a club for the year ended 31 December 2020. Subscriptions account $ $ 2020 2020 Jan 1 Balance b / d 2 000 Dec 31 Bank 29 000 Dec 31 Income and expenditure 24 000 Balance c / d 3 000 29 000 29 000 Which statement is correct? A Subscriptions prepaid on 1 January 2020 amounted to $2000. B Subscriptions prepaid on 31 December 2020 amounted to $3000. C Subscriptions received during the year ended 31 December 2020 amounted to $24 000. D Subscriptions relating to the year ended 31 December 2020 amounted to $29 000.

1 marks

Answer: B

This question in 0452/12 Feb/March 2021

24 Every member of a sports club is required to pay an annual subscription of $50. The subscriptions account showed the following. Subscriptions account $ $ 2020 2020 Jan 1 Balance b / d 350 Dec 31 Bank 10 950 Dec 31 Income and 10 900 Balance c / d 750 expenditure account Balance c / d 450 11 700 11 700 2021 2021 Jan 1 Balance b / d 750 Jan 1 Balance b / d 450 What was the increase in the number of members in arrears between 1 January and 31 December 2020? A 2 members B 6 members C 8 members D 17 members

1 marks

Answer: C

This question in 0452/11 May/June 2021

25 Which term is used to describe the surpluses which have been earned by a club over its lifetime? A accumulated fund B capital C retained earnings D subscriptions

1 marks

Answer: A

This question in 0452/11 May/June 2021

27 Which statement about a receipts and payments account is incorrect? A It includes amounts prepaid at the end of the year. B It shows the surplus for the year. C Non-monetary items are excluded. D The balance represents cash and bank balances.

1 marks

Answer: B

This question in 0452/12 May/June 2021

27 Which statement about a receipts and payments account is incorrect? A It includes amounts prepaid at the end of the year. B It shows the surplus for the year. C Non-monetary items are excluded. D The balance represents cash and bank balances.

1 marks

Answer: B

This question in 0452/13 May/June 2021

23 A sports club was formed on 1 August 2020. During the year ended 31 July 2021 the club purchased equipment costing $5000, paying by cheque. In which of the club’s financial statements did this appear? receipts and payments | income and expenditure statement of financial account account position A Jv J B Jv J Cc J J D Jv

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2021

25 A sports club was formed on 1 August 2020. During the year ended 31 July 2021 the club purchased equipment costing $5000, paying by cheque. In which of the club’s financial statements did this appear? receipts and payments | income and expenditure statement of financial account account position A Jv J B Jv J Cc J J D Jv

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2021

26 A sports club has 100 members and the annual subscription is $60. During the year ended 31 August 2021: 12 members paid their outstanding subscription from the previous financial year 10 members paid their subscription in advance for the following financial year. On 31 August 2021, subscriptions for the current financial year were still outstanding from 8 members. What was the total amount received from members during the year ended 31 August 2021? A $5160 B $5640 C $6600 D $6840

1 marks

Answer: D

This question in 0452/12 Oct/Nov 2021

23 A sports club was formed on 1 August 2020. During the year ended 31 July 2021 the club purchased equipment costing $5000, paying by cheque. In which of the club’s financial statements did this appear? receipts and payments | income and expenditure statement of financial account account position A Jv J B Jv J Cc J J D Jv

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2021

28 There are 120 members of a sports club. The annual subscription is $60. At the beginning of the year, no members had paid in advance and no members had subscriptions outstanding. At the end of the year, 7 members had not paid and 3 members had paid in advance. Which amount was shown for subscriptions in the income and expenditure account? A $6600 B $6960 C $7200 D $7800

1 marks

Answer: C

This question in 0452/12 Feb/March 2022

22 Which statement about club accounts is correct? A Capital and revenue transactions are recorded in the income and expenditure account. B Non-cash transactions are recorded in the income and expenditure account. C Only revenue transactions are recorded in the receipts and payments account. D The closing balance in the receipts and payments account represents a surplus or deficit.

1 marks

Answer: B

This question in 0452/12 May/June 2022

23 A sports club provided the following information for the financial year ended 31 December 2021. $ 1 January 2021 subscriptions paid in advance 200 31 December 2021 subscriptions outstanding 450 subscriptions received during the year 8800 What was the total of the subscriptions that related to the year ended 31 December 2021? A $8150 B $8550 C $9050 D $9450

1 marks

Answer: D

This question in 0452/12 May/June 2022

22 Which statement about club accounts is correct? A Capital and revenue transactions are recorded in the income and expenditure account. B Non-cash transactions are recorded in the income and expenditure account. C Only revenue transactions are recorded in the receipts and payments account. D The closing balance in the receipts and payments account represents a surplus or deficit.

1 marks

Answer: B

This question in 0452/13 May/June 2022

23 A sports club provided the following information for the financial year ended 31 December 2021. $ 1 January 2021 subscriptions paid in advance 200 31 December 2021 subscriptions outstanding 450 subscriptions received during the year 8800 What was the total of the subscriptions that related to the year ended 31 December 2021? A $8150 B $8550 C $9050 D $9450

1 marks

Answer: D

This question in 0452/13 May/June 2022

25 The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club’s financial statements will this appear? A income and expenditure account and statement of financial position B receipts and payments account and income and expenditure account C receipts and payments account and statement of financial position D statement of financial position only

1 marks

Answer: C

This question in 0452/11 Oct/Nov 2022

26 A cricket club provided the following information. $ at 1 August 2021 balance at bank 950 during the year ended 31 July 2022 net receipts from competition 1050 subscriptions received 2500 general expenses paid 1020 insurance paid 500 rent paid 1800 at 31 July 2022 subscriptions owing by members 120 insurance prepaid 20 depreciation of equipment 260 What was the balance at bank on 31 July 2022? A $920 B $1180 C $1200 D $1300

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2022

27 A club had an accumulated fund at the start of the year of $18 000 and at the end of the year of $16 200. New equipment costing $1100 was bought during the year. Total expenses for the year were $9550. The only income came from subscriptions. How much were subscriptions for the year? A $7750 B $8850 C $11 350 D $12 450

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2022

23 The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club’s financial statements will this appear? A income and expenditure account and statement of financial position B receipts and payments account and income and expenditure account C receipts and payments account and statement of financial position D statement of financial position only

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2022

24 A club had an accumulated fund at the start of the year of $18 000 and at the end of the year of $16 200. New equipment costing $1100 was bought during the year. Total expenses for the year were $9550. The only income came from subscriptions. How much were subscriptions for the year? A $7750 B $8850 C $11 350 D $12 450

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2022

25 The financial year of a club ends on 30 September. During the year ended 30 September 2022, the club received an interest-free loan from a member. In which of the club’s financial statements will this appear? A income and expenditure account and statement of financial position B receipts and payments account and income and expenditure account C receipts and payments account and statement of financial position D statement of financial position only

1 marks

Answer: C

This question in 0452/13 Oct/Nov 2022

26 A cricket club provided the following information. $ at 1 August 2021 balance at bank 950 during the year ended 31 July 2022 net receipts from competition 1050 subscriptions received 2500 general expenses paid 1020 insurance paid 500 rent paid 1800 at 31 July 2022 subscriptions owing by members 120 insurance prepaid 20 depreciation of equipment 260 What was the balance at bank on 31 July 2022? A $920 B $1180 C $1200 D $1300

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2022

27 A club had an accumulated fund at the start of the year of $18 000 and at the end of the year of $16 200. New equipment costing $1100 was bought during the year. Total expenses for the year were $9550. The only income came from subscriptions. How much were subscriptions for the year? A $7750 B $8850 C $11 350 D $12 450

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2022

27 A golf club sells refreshments to its members. Suppliers of refreshments were owed $250 on 1 January 2022 and $400 on 31 December 2022. Payments to suppliers during the year were $7200. The inventory at the end of the year was $100 less than the inventory at the start of the year. What was the cost of sales of refreshments for the year ended 31 December 2022? A $7050 B $7150 C $7300 D $7450

1 marks

Answer: D

This question in 0452/12 Feb/March 2023

28 A social club provided the following information. $ subscriptions paid in advance at 31 December 2021 40 subscriptions paid in advance at 31 December 2022 50 subscriptions received during the year 2022 660 What was the amount of subscriptions in the income and expenditure account for the year ended 31 December 2022? A $570 B $650 C $660 D $670

1 marks

Answer: B

This question in 0452/12 Feb/March 2023

28 What is included in the income and expenditure account of a tennis club? A all amounts received and paid during the year B all capital and revenue expenditure incurred during the year C the closing balances on the accumulated fund D the profit for the year from the club’s shop

1 marks

Answer: D

This question in 0452/11 May/June 2023

27 Which items are included in an income and expenditure account prepared for a sports club? 1 cost of new furniture purchased during the year for the clubhouse 2 depreciation on furniture and sports equipment 3 rates for the clubhouse paid in advance for the next financial year 4 subscriptions that remain unpaid by club members at the end of the financial year A 1 and 2 B 1 and 4 C 2 and 4 D 3 and 4

1 marks

Answer: C

This question in 0452/12 May/June 2023

28 Melody is a music club. The club holds a music concert once every year. Prizes are awarded to musicians selected by a judge. The club provided the following information related to the latest music concert. $ sale of concert tickets 1 500 purchases of concert prizes 450 sale of concert programmes 150 payment of fee to the concert judge 250 What was the profit from the concert? A $950 B $1050 C $1450 D $2100

1 marks

Answer: A

This question in 0452/12 May/June 2023

27 Which items are included in an income and expenditure account prepared for a sports club? 1 cost of new furniture purchased during the year for the clubhouse 2 depreciation on furniture and sports equipment 3 rates for the clubhouse paid in advance for the next financial year 4 subscriptions that remain unpaid by club members at the end of the financial year A 1 and 2 B 1 and 4 C 2 and 4 D 3 and 4

1 marks

Answer: C

This question in 0452/13 May/June 2023

28 Melody is a music club. The club holds a music concert once every year. Prizes are awarded to musicians selected by a judge. The club provided the following information related to the latest music concert. $ sale of concert tickets 1 500 purchases of concert prizes 450 sale of concert programmes 150 payment of fee to the concert judge 250 What was the profit from the concert? A $950 B $1050 C $1450 D $2100

1 marks

Answer: A

This question in 0452/13 May/June 2023

27 How are subscriptions received and subscriptions written off recorded in a receipts and payments account? subscriptions subscriptions received written off A as a credit as a debit B as a credit no entry made C as a debit as a credit D as a debit no entry made

1 marks

Answer: D

This question in 0452/11 Oct/Nov 2023

28 Par Golf Club had a shop that sold golfing equipment to its members. The treasurer provided the following information for the shop for the year ended 31 December. $ sales of golfing equipment 5 300 opening inventory of golfing equipment 400 closing inventory of golfing equipment 450 purchases of golfing equipment 2 700 returns from customers 200 carriage on purchases 100 What was the shop’s gross profit for the year? A $2250 B $2350 C $2450 D $2750

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2023

26 A sports club operates a shop selling running shoes to members. These shoes are purchased on credit terms from suppliers. Which item is recorded in the receipts and payments account? A inventory of shoes B payments to suppliers C purchases of shoes D shop profit or loss

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2023

27 How are subscriptions received and subscriptions written off recorded in a receipts and payments account? subscriptions subscriptions received written off A as a credit as a debit B as a credit no entry made C as a debit as a credit D as a debit no entry made

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2023

28 Par Golf Club had a shop that sold golfing equipment to its members. The treasurer provided the following information for the shop for the year ended 31 December. $ sales of golfing equipment 5 300 opening inventory of golfing equipment 400 closing inventory of golfing equipment 450 purchases of golfing equipment 2 700 returns from customers 200 carriage on purchases 100 What was the shop’s gross profit for the year? A $2250 B $2350 C $2450 D $2750

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2023

28 A tennis club provided the following information for the year ended 31 December 2020. $ at 1 January at 1 January prepaid subscriptions prepaid subscriptions 1250 during the year ended 31 December during the year ended 31 December subscriptions received for 2020 9750 subscriptions received for 2021 1100 at 31 December subscriptions owing for 2020 1500 What was the amount of subscriptions included in the income and expenditure account for the year ended 31 December 2020? A $11 250 B $11 400 C $12 500 D $13 600

1 marks

Answer: C

This question in 0452/12 Feb/March 2024

26 The AB Sports Club runs a café for the use of members. The treasurer prepared draft financial statements which showed a deficit of $700 and an accumulated fund of $4600. He then discovered that the closing inventory of the café had been overvalued by $50. How much were the deficit and the accumulated fund after the inventory valuation had been corrected? accumulated deficit fund $ $ A 650 4550 B 650 4650 C 750 4550 D 750 4650

1 marks

Answer: C

This question in 0452/11 May/June 2024

27 Which accounting statement prepared by the treasurer of a sports club provides a summary of all the monies received and paid out during the financial year? A bank reconciliation statement B income and expenditure account C receipts and payments account D statement of financial position

1 marks

Answer: C

This question in 0452/11 May/June 2024

26 A club received subscriptions from members totalling $12 600 in the year ended 30 April 2019. The following information was available. at 30 April 2018 at 30 April 2019 $ $ subscriptions paid in advance 1300 – subscriptions in arrears 800 1100 Which amount appeared in the income and expenditure account for subscriptions for the year ended 30 April 2019? A $ 11 000 B $11 600 C $13 600 D $14 200

1 marks

Answer: D

This question in 0452/12 May/June 2024

27 Which statements about the accumulated fund of a society are correct? 1. A surplus will increase the accumulated fund and a deficit will reduce it. 2. It includes all monies received and paid during the year. 3. Members cannot make drawings from the accumulated fund. 4. The accumulated fund is shown as an asset in the statement of financial position. A 1, 2 and 4 B 1 and 3 C 2, 3 and 4 D 3 only

1 marks

Answer: B

This question in 0452/12 May/June 2024

26 A club received subscriptions from members totalling $12 600 in the year ended 30 April 2019. The following information was available. at 30 April 2018 at 30 April 2019 $ $ subscriptions paid in advance 1300 – subscriptions in arrears 800 1100 Which amount appeared in the income and expenditure account for subscriptions for the year ended 30 April 2019? A $ 11 000 B $11 600 C $13 600 D $14 200

1 marks

Answer: D

This question in 0452/13 May/June 2024

27 Which statements about the accumulated fund of a society are correct? 1. A surplus will increase the accumulated fund and a deficit will reduce it. 2. It includes all monies received and paid during the year. 3. Members cannot make drawings from the accumulated fund. 4. The accumulated fund is shown as an asset in the statement of financial position. A 1, 2 and 4 B 1 and 3 C 2, 3 and 4 D 3 only

1 marks

Answer: B

This question in 0452/13 May/June 2024

25 The treasurer of a sports club provided the following information. $ clubhouse and sports fields 250000 sports equipment 80000 cash at bank 12000 bank loan 14000 subscriptions accrued 2800 What was the amount of the accumulated fund? A $325200 B $328000 C $330800 D $342000

1 marks

Answer: C

This question in 0452/11 Oct/Nov 2024

26 What will be included in a receipts and payments account of a social club? 1 cash payment for new furniture for the clubhouse 2 depreciation charged on the clubhouse furniture 3 outstanding subscriptions from the previous year received in the current year 4 subscriptions owed by members at the end of the current year A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2024

26 The Daylee Sports Club was formed in January. During its first year the club purchased equipment costing $5000, paying by cheque. Which of the club’s financial statements are affected by the purchase of this equipment? receipts and income and statement of payments expenditure financial account account position A ✓ ✓ B ✓ ✓ C ✓ ✓ D ✓

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2024

27 The following ledger account appeared in the books of a club for the year ended 31 December. Subscriptions account $ $ Jan 1 Balance b/d 2000 Dec 31 Bank 29000 Dec 31 Income and expenditure 24000 Balance c/d 3000 _____ 29000 29000 Which statement is correct? A Subscriptions prepaid on 1 January amounted to $2000. B Subscriptions prepaid on 31 December amounted to $3000. C Subscriptions received during the year ended 31 December amounted to $24000. D Subscriptions relating to the year ended 31 December amounted to $29000.

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2024

25 The treasurer of a sports club provided the following information. $ clubhouse and sports fields 250000 sports equipment 80000 cash at bank 12000 bank loan 14000 subscriptions accrued 2800 What was the amount of the accumulated fund? A $325200 B $328000 C $330800 D $342000

1 marks

Answer: C

This question in 0452/13 Oct/Nov 2024

26 What will be included in a receipts and payments account of a social club? 1 cash payment for new furniture for the clubhouse 2 depreciation charged on the clubhouse furniture 3 outstanding subscriptions from the previous year received in the current year 4 subscriptions owed by members at the end of the current year A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2024

26 What is shown in the receipts and payments account of a music club? A a summary of all cash and bank transactions B depreciation of musical instruments C subscriptions received and accrued D the club’s surplus or deficit

1 marks

Answer: A

This question in 0452/12 Feb/March 2025

27 Medway social club runs a café for its members. For the year ended 31 December, the sales were $15000 and the cost of goods sold was $12000. The closing inventory of coffee had been included at a cost value of $1000 but had deteriorated and was worth $500. What profit on the café should be transferred to the income and expenditure account? A $2000 B $2500 C $3000 D $3500

1 marks

Answer: B

This question in 0452/12 Feb/March 2025

25 A club included the balance on its accumulated fund in its statement of financial position. What is the equivalent of the accumulated fund in a statement of financial position of a sole trader? A capital B capital and liabilities C current liabilities D non-current assets

1 marks

Answer: A

This question in 0452/11 May/June 2025

24 During the year ended 31 March 2025, subscriptions received by a club amounted to $2500, of which $120 related to the next financial year. On 31 March 2025, subscriptions accrued amounted to $280. What entries would be made in the club’s statement of financial position on 31 March 2025? current assets current liabilities $ $ A 120 280 B 280 120 C 400 no entry D no entry 400

1 marks

Answer: B

This question in 0452/12 May/June 2025

25 The bank account kept by a sports club shows that subscriptions totalling $2695 were received during the financial year. This figure includes arrears of subscriptions owing from last year of $145. It also includes an outstanding lodgement of subscriptions of $195. What amount for subscriptions is included in the receipts and payments account of the sports club? A $2355 B $2500 C $2550 D $2695 A tennis club sells refreshments on match days.

1 marks

Answer: D

This question in 0452/12 May/June 2025

26 At the end of the first accounting period, the receipts and payments account included the following: $ receipts from sales of refreshments 2300 payments to suppliers of refreshments 1400 wages paid 300 Refreshments which were unsold at the end of the year cost $200. A bill for refreshments purchased of $75 had not been paid. What is the profit from sale of refreshments to be included in the income and expenditure account? A $600 B $725 C $800 D $875

1 marks

Answer: B

This question in 0452/12 May/June 2025

25 A club included the balance on its accumulated fund in its statement of financial position. What is the equivalent of the accumulated fund in a statement of financial position of a sole trader? A capital B capital and liabilities C current liabilities D non-current assets

1 marks

Answer: A

This question in 0452/13 May/June 2025

26 A sports club was established on 1 January. It has a clubhouse and also runs a snack bar for its members. Which items would be included in the receipts and payments account for the first year ended 31 December? 1 new furniture to be used in the clubhouse, paid by credit transfer 2 subscriptions paid by club members in advance for the next financial year 3 subscriptions owing by club members at the end of the financial year 4 snack bar wages owing at the end of the financial year A 1 and 2 B 1 and 4 C 2 and 3 D 3 and 4

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2025

27 A sports club started running a café, selling hot and cold drinks and confectionery, on 1 January 2024. The following information is given for the year ended 31 December 2024. $ sales 3200 purchases 1750 wages paid to café assistant 500 inventory at 31 December 2024 250 What is the profit on the café for the year ended 31 December 2024? A $700 B $950 C $1200 D $1450

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2025

27 A club’s income and expenditure for the year was as follows: $ $ income: subscriptions 1260 expenditure: general expenses 950 depreciation of equipment 140 1090 170 What does the figure of $170 represent? A deficit for the year B loss for the year C profit for the year D surplus for the year

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2025