Lonnes re Capital Nota Question 2 (20 marks) Accountant of Best Man Club prepare the following Receipts and payments acc

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Lonnes Re Capital Nota Question 2 20 Marks Accountant Of Best Man Club Prepare The Following Receipts And Payments Acc 1 (42.9 KiB) Viewed 15 times

Lonnes re Capital Nota Question 2 (20 marks) Accountant of Best Man Club prepare the following Receipts and payments accounts for the year ended 31 December 2017 RECEIPTS AND PAYMENTS GHS al hand 1/1/2017 bank 1/1/2017 ption 7000 Wags of bar attendants 15000 Rent of bar GHS kings 8000 Painting of Courts s from drinks on bank account 47000 Purchase of hand ball equipment 12000 Payment to bar supplies 1100 General expenses 1600 Cash in hand 31/12/2012 tions Cash at bank 31/12/2012 91700 tional Information lated fund of the club as at 1 January 2017 amounted to GHS 31,150. et and Liabilities were as follows: January 1, 2017 December 31, 2017 GHS GHS rinventories 18000 Supplies 10800 1100 bscription 3050 bscription in arrears Required: a. Statement of Accumulated Fund for the Club (5 marks) b. Bar Trading Account (5marks) c. Income and Expenditure (5 marks) d. Statement of Financial Position (5marks) 2800 900 400 23600 28700 1200 21000 13100 91700 23000 13500 980 2300