Igcse Accounting Club Accounts Past Papers

Prepared by D.
El-Hoss
Non-profit
Organisations
& Club
Accounts
www.igcseaccounts.com
All questions are the copyright of Cambridge International Examination Board.
Prepared by D. El-Hoss
14
5
For
Examiners
Use
The Cobbydale Sports Club was formed on 1 May 2002.

The treasurer produced the following information for the year ended 30 April 2003.
Receipts and Payments Account for the year ended 30 April 2003
Receipts
Subscriptions
Sale of tickets for open day
Loan from a member
Balance 1 May 2003 b/d
$
6 800
3 250
1 000
Payments
General expenses
Insurance
Purchase of equipment
Expenses of open day
Rent of premises
Balance 30 April 2003 c/d
11 050
1 080
$
1 430
670
3 500
1 950
2 420
1 080
11 050
Additional notes
1.
At 30 April 2003
Subscriptions due from members amounted to
Rent due amounted to
2.
$
300
220
The equipment is expected to have a useful life of 6 years after which time its scrap
value is expected to be $200. Depreciation is to be provided using the straight line
(equal instalment) method. A full years depreciation is charged in the year of purchase.
(a) Prepare the Income and Expenditure Account of the Cobbydale Sports Club for the year
ended 30 April 2003.
0452/03/M/J/03
15
For
Examiners
Use
Cobbydale Sports Club

Income and Expenditure Account for the year ended 30 April 2003
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(b) (i)
Select one of the items appearing in the Receipts and Payments Account which
should not be included in the Income and Expenditure Account and explain why it
does not appear.
Item ...........................................................
Explanation ................................................................................................................
...................................................................................................................................
...............................................................................................................................[2]
0452/03/M/J/03
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16
(ii)
Select one of the items appearing in the Income and Expenditure Account which
does not appear in the Receipts and Payments Account and explain why it does
not appear.
For
Examiners
Use
Item ...........................................................
Explanation ................................................................................................................
...................................................................................................................................
...............................................................................................................................[2]
(c) Prepare the Balance Sheet of the Cobbydale Sports Club as at 30 April 2003.
Cobbydale Sports Club
Balance Sheet as at 30 April 2003
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0452/03/M/J/03
11
4
(a) Explain the term Accumulated Fund in connection with the accounts of a non-trading
organisation such as a club.
For
Examiners
Use
..........................................................................................................................................
..........................................................................................................................................
......................................................................................................................................[2]
(b) The following balances appeared in the books of the Green Jackets Sports Club on 30
September 2002.
Clubhouse
Equipment
Subscriptions prepaid by members
Refreshments stock
Creditors for refreshments stock
Cash
Bank overdraft
Insurance prepaid
$
25 000
5 400
1 000
1 020
850
280
2 990
190
Calculate the Accumulated Fund of the Green Jackets Sports Club as at 30 September
2002. Show your workings.
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0452/03/O/N/03
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12
(c) On 1 October 2002 the Green Jackets Sports Club had prepaid insurance amounting to
$190.
For
Examiners
Use
On 1 December 2002 the Club paid $1200 by cheque for 1 years insurance to
30 November 2003.
Prepare the Insurance account as it would appear in the ledger of the Green Jackets
Sports Club for the year ended 30 September 2003. Show clearly the amount
transferred to the Income and Expenditure Account. Bring down the balance on 1
October 2003.
Insurance account
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0452/03/O/N/03
13
(d) The Green Jackets Sports Club has 300 members who pay an annual subscription of
$200.
For
Examiners
Use
The following information is available.

1.
On 1 October 2002, 5 members had paid their subscriptions in advance for the
financial year ending 30 September 2003.
2.
During the year ended 30 September 2003, 280 members paid their annual
subscription in full.
3.
At 30 September 2003 subscriptions due from 15 members remained unpaid.
Prepare the Subscriptions account as it would appear in the ledger of the Green Jackets
Sports Club for the year ended 30 September 2003. Show clearly the amount
transferred to the Income and Expenditure Account. Bring down the balance on 1
October 2003.
Subscriptions account
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0452/03/O/N/03
[Turn over
For
Examiners
Use
10
4
The All Star Sports Club was formed on 1 August 2003.

The treasurer produced the following information for the year ended 31 July 2004.
Receipts
Payments
Subscriptions
Snack bar sales
Barbecue ticket sales
$
14 600
10 900
1 400
Sports equipment
Snack bar supplies
Barbecue expenses
Staff wages
Snack bar staff
General staff
Rent
Insurance
Repairs and maintenance
General expenses
$
9000
7850
750
2100
2430
2160
1660
1840
1220
Additional information
1.
On 31 July 2004
10 members each owed the club $50 for their subscription for the current year.
2 members had each paid $50 subscription for the year ending 31 July 2005.
2.
At 31 July 2004
Creditors for snack bar supplies were owed
Stock of snack bar supplies was valued at
Rent prepaid amounted to
General expenses accrued amounted to
$
850
1200
80
60
3.
The sports equipment is to be depreciated using the straight line (equal instalment)
method at 10% p.a. A full years depreciation is charged in the year of purchase.
UCLES 2004
0452/03/O/N/04
11
(a) Prepare the Snack Bar Trading Account of the All Star Sports Club for the year ended
31 July 2004.
For
Examiners
Use
All Star Sports Club

Snack Bar Trading Account for the year ended 31 July 2004
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UCLES 2004
0452/03/O/N/04
[Turn over
12
(b) Prepare the Income and Expenditure Account of the All Star Sports Club for the year
ended 31 July 2004.
For
Examiners
Use
All Star Sports Club

Income and Expenditure Account for the year ended 31 July 2004
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UCLES 2004
0452/03/O/N/04
13
(c) The All Star Sports Club has been given the opportunity to purchase the clubhouse and
grounds in 2006. At the end of the first year the club has a bank overdraft of $2110. The
treasurer is worried that the club will not have enough money to pay for the property.
For
Examiners
Use
Suggest two ways in which the club could raise a large sum of money for this purpose.
1. ......................................................................................................................................
2. ..................................................................................................................................[2]
[Total: 20]
UCLES 2004
0452/03/O/N/04
[Turn over
12
4
The following terms are used in connection with non-trading organisations such as clubs.
For
Examiners
Use
REQUIRED
(a) Explain each of the following terms.
(i)
Income and Expenditure Account

...................................................................................................................................
...................................................................................................................................
...............................................................................................................................[2]
(ii)
Accumulated Fund
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...............................................................................................................................[2]
The Siltones Music Society was formed some years ago. It has 40 members who each pay
an annual subscription of $100.
On 1 April 2004 the Siltones Music Society had the following assets.
$
1200
2210
1000
280
Musical instruments (book value)

Balance at bank
Subscriptions due from members
Rent of premises prepaid
The treasurer provided the following information relating to the year ended 31 March 2005.
All receipts were paid into the bank and all payments were made by cheque.
$
Subscriptions received from members
for the year ended 31 March 2004
for the year ending 31 March 2006
Receipts from concert
Expenses of concert
Rent of premises
for the year ending 31 March 2006
General expenses
Insurance
Proceeds of sale of musical instruments
Purchase of new musical instruments
UCLES 2005
0452/03 M/J/05
1000
4000
800
1400
420
5800
1900
1250
1820
215
325
700
3350
13
For
Examiners
Use
REQUIRED
(b) Prepare the Receipts and Payments Account of the Siltones Music Society for the year
ended 31 March 2005. Balance the account at 31 March and bring down the balance on
1 April 2005.
Siltones Music Society
Receipts and Payments Account for the year ended 31 March 2005
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UCLES 2005
0452/03 M/J/05
[Turn over
14
For
Examiners
Use
REQUIRED
(c) Prepare the subscriptions account as it would appear in the ledger of the Siltones Music
Society for the year ended 31 March 2005.
Show the amount transferred to the Income and Expenditure Account.
Where a traditional T account is used it should be balanced and the balance brought
down on 1 April 2005.
Where a three column running balance account is used the balance column should
be up-dated after each entry.
Siltones Music Society
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[Total: 21]
UCLES 2005
0452/03 M/J/05
10
3
For
Examiner's
Use
The assets and liabilities of the Safat Judo Club on 1 February 2005 were as follows:
$
Bank
3150 debit
Motor vehicle at valuation
2000
Subscriptions owed by members
250
Rent owing
50
The treasurer provided the following information for the year ended 31 January 2006:
Receipts during the year
Payments during the year

$
Subscriptions
10 650 Purchase of new motor vehicle 10 000
Proceeds of sale of motor vehicle
1 750 Competition prizes
210
800 General expenses
2 645
Competition entrance fees
Travelling expenses
Rent
830
2 600
The following information is also available:

1
The motor vehicle is used to take members to tournaments and competitions.

The motor vehicle owned on 1 February 2005 was sold in March 2005. No depreciation
is provided for in the year of sale.
A new motor vehicle was purchased on the same day. On 31 January 2006 the new
motor vehicle was valued at $8500.
2
On 31 January 2006:
subscriptions paid in advance by members amounted to $400;
rent prepaid amounted to $100.
UCLES 2006
0452/03/M/J/06
11
For
Examiner's
Use
REQUIRED
(a) Prepare the Income and Expenditure Account of the Safat Judo Club for the year ended
31 January 2006.
Safat Judo Club
Income and Expenditure Account for the year ended 31 January 2006
[10]
UCLES 2006
0452/03/M/J/06
[Turn over
12
For
Examiner's
Use
(b) Prepare the Balance Sheet of the Safat Judo Club at 31 January 2006.
Safat Judo Club
Balance Sheet at 31 January 2006
[8]
UCLES 2006
0452/03/M/J/06
13
A member of the club is worried that the surplus or deficit in the Income and Expenditure
Account does not agree with the bank balance shown in the Balance Sheet at
31 January 2006.
For
Examiner's
Use
REQUIRED
(c) State and explain two reasons for this difference.
(i)
(ii)
[2]
[Total: 20]
UCLES 2006
0452/03/M/J/06
[Turn over
8
3
The accounts maintained by non-trading organisations such as clubs and societies often
use different terms to those used in the accounts of a trading business.
For
Examiner's
Use
REQUIRED
(a) Complete the following table to name the equivalent terms used by a non-trading
organisation.
The first one has been completed as an example.
Trading business
(i)
Cash book
(ii)
Net loss
(iii)
Capital
(iv)
Profit and Loss Account
Non-trading organisation
Receipts and Payments Account
[3]
The treasurer of El Nil Sailing Club maintains a full set of accounting records. The following
account appears in the ledger of El Nil Sailing Club.
2005
Aug 1
2006
July 31
Balance b/d
Income &
Expenditure
Balance c/d
$
750
2005
Aug 1
2006
July 31
Balance b/d
Bank
$
300
5850
4500
____
6150
900
6150
2006
Aug 1
Balance b/d
900
For candidates who are not familiar with the layout of the account shown above, an
alternative presentation is provided.
2005
Aug 1 Balances
2006
July 31 Bank
Income & Expenditure
UCLES 2006
Debit
$
750
Credit
$
300
5850
4500
0452/03 O/N/06
Balance
$
450 Dr
5400 Cr
900 Cr
9
For
Examiner's
Use
REQUIRED
(b) (i) Explain each of the following entries in the subscriptions account as it appears in
the ledger of El Nil Sailing Club. State where the double entry for each transaction
would be made.
The first one has been completed as an example.
2005
Aug 1
Balance $300
Explanation
Double entry
2005
Aug 1
This is the total subscriptions paid by members during

the financial year ended 31 July 2005 which relate to
the following financial year.
Debit subscriptions account for year ended 31 July 2005
Balance $750
Explanation
Double entry
2006
July 31
Bank $5850
Explanation
Double entry
2006
July 31
Income and Expenditure $4500
Explanation
Double entry
[6]
(ii) Explain the significance of the $900 shown at the end of the subscriptions account
and state where this amount will appear in El Nil Sailing Clubs Balance Sheet at
31 July 2006.
[2]
UCLES 2006
0452/03 O/N/06
[Turn over
10
The treasurer of El Nil Sailing Club provided the following information relating to the
year ended 31 July 2006. All receipts were paid into the bank and all payments were
made by cheque.
Bank balance at 1 August 2005
Purchase of new boat
Repairs to boat
Proceeds of sale of old boat
Insurance
General expenses
Competition entrance fees received
Cost of competition prizes
For
Examiner's
Use
$
6 300 debit
13 000
90
280
750
560
690
420
Additional information
1
Details of the subscriptions are provided in the subscriptions account shown

above.
At 31 July 2006 insurance prepaid amounted to $150 and general expenses

outstanding amounted to $30.
REQUIRED
(c) Using the information above and the subscriptions account shown earlier in the
question, prepare the Receipts and Payments Account of El Nil Sailing Club for the
year ended 31 July 2006.
El Nil Sailing Club

Receipts and Payments Account for the year ended 31 July 2006
[10]
[Total: 21]
UCLES 2006
0452/03 O/N/06
8
3
The financial year of the El Darb Sports Club ends on 31 December.

The El Darb Sports Club has 200 members who each pay an annual subscription of $20.
For
Examiner's
Use
The treasurer provided information relating to the year ended 31 December 2009.
At 1 January 2009
10 members had not paid their subscription for the year ended 31 December 2008
3 members had paid their subscription in advance for the year ended 31 December 2009.
During the year ended 31 December 2009 subscriptions received were as follows:
For the year ended 31 December 2008
For the year ending 31 December 2010
Total subscriptions received
$
200
3800
80
4080
At 31 December 2009 a number of members had not paid their subscription for the financial
year ended on that date.
REQUIRED
(a) Prepare the subscriptions account as it would appear in the ledger of the El Darb
Sports Club for the year ended 31 December 2009.
Show the amount transferred to the income and expenditure account.
Where a traditional T account is used it should be balanced and the balances

brought down on 1 January 2010.
Where a three column running balance account is used the balance column should be
up-dated after each entry.
El Darb Sports Club
[10]
UCLES 2008
0452/02/SP/10
9
In addition to providing sporting facilities for the members, the El Darb Sports Club also has
a shop selling sports goods to members and their guests.
For
Examiner's
Use
All goods are sold for cash and all purchases are made on credit terms.
The treasurer provided the following information relating to the El Darb Sports Club shop for
the year ended 31 December 2009.
$
At 1 January 2009
Inventory (stock)
Amount owing to suppliers
990
282
During the year ended 31 December 2009

Shop takings
Cheques paid to suppliers
Wages of part-time shop assistant
7280
2990
2500
At 31 December 2009
Inventory (stock)
Amount owing to suppliers
835
397

Depreciation of shop fixtures
200
REQUIRED
(b) Select the appropriate figures and calculate the purchases for the year ended
31 December 2009.
Your answer may be in the form of a ledger account or a calculation.
[4]
UCLES 2008
0452/02/SP/10
[Turn over
10
(c) Prepare the shop income statement (shop trading account) of the El Darb Sports Club
shop for the year ended 31 December 2009.
For
Examiner's
Use
El Darb Sports Club

Shop Income Statement (Shop Trading Account) for the year ended 31 December 2009
[7]
(d) Suggest two ways in which the profitability of the El Darb Sports Club shop could be
improved.
(i)
(ii)
[2]
[Total: 23]
UCLES 2008
0452/02/SP/10
14
4
The Lobatse Rugby Club had the following assets and liabilities on 1 April 2008.
$
4400
3700
100
50
8050
Equipment at book value

Cash at bank
Subscriptions prepaid by members
Subscriptions owed by members
Accumulated fund
For
Examiner's
Use
The treasurer of the club prepared the following receipts and payments account for the year
ended 31 March 2009.
2008
April 1
2009
Mar 31
Balance b/d
Subscriptions
Interest received
Entrance fees for
sports day
$
3700
2009
Mar 31
2250
100
520
$
Transfer to bank
deposit a/c
Equipment
Secretarial expenses
Advertising
General expenses
Rent
Sports day expenses
Balance c/d
6570
2009
April 1
Balance b/d
2000
1800
210
40
490
1530
370
130
6570
130
The treasurer supplied the following additional information.

1
On 31 March 2009:
Subscriptions owing by members

Rent accrued
General expenses prepaid
2
$
200
30
20
The equipment is depreciated by 10 % per annum on the value of equipment held at

the end of each financial year.
UCLES 2009
0452/03/M/J/09
15
REQUIRED
(a) Prepare the subscriptions account as it would appear in the ledger of the Lobatse
Rugby Club for the year ended 31 March 2009.
For
Examiner's
Use

down on 1 April 2009. Where a three column running balance account is used the
balance column should be up-dated after each entry.
Lobatse Rugby Club
UCLES 2009
0452/03/M/J/09
[7]
[Turn over
16
(b) Prepare the income and expenditure account of the Lobatse Rugby Club for the year
ended 31 March 2009.
For
Examiner's
Use
Lobatse Rugby Club

Income and Expenditure Account for the year ended 31 March 2009
[10]
UCLES 2009
0452/03/M/J/09
17
(c) (i) Select one of the items appearing in the receipts and payments account which
should not be included in the income and expenditure account and explain why it
does not appear.
For
Examiner's
Use
Item
Explanation
[2]
(ii) Select one of the items appearing in the income and expenditure account which
does not appear in the receipts and payments account and explain why it does
not appear.
Item
Explanation
[2]
[Total: 21]
UCLES 2009
0452/03/M/J/09
[Turn over
9
3
The Mokolodi Athletics Club was formed on 1 August 2009.

In addition to providing sports facilities for members, the Club also has a shop selling sports
clothing. All the shop sales are made on a cash basis.
For
Examiner's
Use
The treasurer provided the following summary of the cash book for the year ended
31 July 2010.
Receipts
Subscriptions
Shop sales
Open day ticket sales
Interest-free loan from
Sport for All
7950
7500
840
6000
Payments
Sports equipment
Purchases of shop supplies
Open day expenses
Rent
Insurance
General expenses
Repairs and maintenance
Wages Groundsman
Shop assistant
6100
2950
690
5200
1700
1990
1070
2500
1470
Additional information:
1
The Club has 170 members. The annual subscription is $50.

On 31 July 2010
15 members still owed their subscription for the current year.
4 members had paid their subscription for the year ending 31 July 2011.
At 31 July 2010
Creditors for shop supplies were owed
Shop inventory (stock) was valued at
Shop assistants wages owing amounted to
General expenses prepaid amounted to
Sports equipment was valued at
$
550
650
90
140
5400
It was decided that 20% of the rent should be charged to the shop.
UCLES 2010
0452/23/O/N/10
[Turn over
10
REQUIRED
(a) Prepare the shop income statement (trading account) of the Mokolodi Athletics Club for
the year ended 31 July 2010.
For
Examiner's
Use
Mokolodi Athletics Club

Shop Income Statement (Trading Account) for the year ended 31 July 2010
[8]
UCLES 2010
0452/23/O/N/10
11
(b) Prepare the income and expenditure account of the Mokolodi Athletics Club for the
year ended 31 July 2010.
For
Examiner's
Use
Mokolodi Athletics Club

Income and Expenditure Account for the year ended 31 July 2010
[14]
UCLES 2010
0452/23/O/N/10
[Turn over
12
(c) A member of the Club is worried because the surplus or deficit in the income and
expenditure account does not agree with the bank balance on 31 July 2010.
For
Examiner's
Use
Explain one reason why the surplus or deficit does not equal the bank balance.
[2]
[Total: 24]
UCLES 2010
0452/23/O/N/10
13
4
The accounts maintained by clubs and societies often use different terms to those used by
businesses.
For
Examiner's
Use
REQUIRED
(a) Complete the following table to name the equivalent term used by a club or society
which does not operate any trading activities.
Business
Club or society
(i) Income statement

(ii) Profit for the year
(iii) Capital
[3]
The Muara Swimming Club was formed some years ago. It has 60 members who each pay
an annual subscription of $90.
On 1 March 2010 the Muara Swimming Club had a balance at bank of $3450.
The treasurer provided the following information relating to the year ended 28 February 2011.
All receipts were paid into the bank and all payments were made by cheque.
$
Subscriptions received from members

for the year ended 28 February 2010
for the year ended 28 February 2011
for the year ending 29 February 2012
Proceeds of sale of old equipment
Purchase of new equipment
Receipts from swimming competition
Expenses of swimming competition
Rent of premises
General expenses
Insurance
Loan from Swim-for-all
UCLES 2011
270
5400
180
0452/21/M/J/11
5850
890
1200
780
645
1690
732
496
1000
[Turn over
14
REQUIRED
(b) Prepare the receipts and payments account of the Muara Swimming Club for the year
ended 28 February 2011.
For
Examiner's
Use
Balance the account and bring down the balance on 1 March 2011.
Muara Swimming Club
Receipts and Payments Account for the year ended 28 February 2011
[12]
UCLES 2011
0452/21/M/J/11
15
(c) Prepare the subscriptions account as it would appear in the ledger of the Muara
Swimming Club for the year ended 28 February 2011.
For
Examiner's
Use

down on 1 March 2011.
Where a three column running balance account is used the balance column should be
up-dated after each entry.
Muara Swimming Club
[8]
[Total: 23]
UCLES 2011
0452/21/M/J/11
[Turn over
15
4
The Dhavari Sports Club was formed some years ago. After the preparation of the income
and expenditure account for the year ended 31 March 2012 the following balances
remained on the books.
Accumulated fund at 1 April 2011

Premises at cost
Sports equipment at valuation at 1 April 2011
Bank overdraft
Inventory of club shop
Trade payables for shop supplies
Subscriptions owing by members
Loan repayable 1 January 2015
Surplus for the year
For
Examiner's
Use
$
60 000
70 000
13 000
1 400
8 500
4 300
1 500
10 000
17 400
The following errors were then discovered:

1
Petty cash, $200, had been omitted from the list of balances.
The equipment should have been revalued on 31 March 2012. The estimated value at
that date was $11 600.
The bank statement for January 2012 showed bank charges of $150. These had not
been entered in the accounting records.
No adjustment had been made for insurance prepaid at 31 March 2012, amounting to
$300.
The income and expenditure account included subscriptions, $600, which relate to the
following financial year.
The total of the expenditure in the income and expenditure account had been overcast
by $100.
REQUIRED
(a) Explain how the accumulated fund of the Dhavari Sports Club has arisen.
[2]
UCLES 2012
0452/21/M/J/12
[Turn over
16
(b) Calculate the corrected surplus for the year ended 31 March 2012.
For
Examiner's
Use
[6]
(c) Suggest two reasons why the Dhavari Sports Clubs bank balance is not equal to the
surplus for the year.
(i)
(ii)
[4]
UCLES 2012
0452/21/M/J/12
17
(d) Prepare the balance sheet of the Dhavari Sports Club at 31 March 2012.
For
Examiner's
Use
Dhavari Sports Club

Balance Sheet at 31 March 2012
[12]
[Total: 24]
UCLES 2012
0452/21/M/J/12
[Turn over

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Prepared by D.

All questions are the copyright of Cambridge International Examination Board.

The Cobbydale Sports Club was formed on 1 May 2002.

Balance 1 May 2003 b/d

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Cobbydale Sports Club

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All questions are the copyright of Cambridge International Examination Board.

All questions are the copyright of Cambridge International Examination Board.

All questions are the copyright of Cambridge International Examination Board.

The following information is available.

At 30 September 2003 subscriptions due from 15 members remained unpaid.

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The All Star Sports Club was formed on 1 August 2003.

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All Star Sports Club

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All Star Sports Club

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All questions are the copyright of Cambridge International Examination Board.

Income and Expenditure Account

Musical instruments (book value)

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All questions are the copyright of Cambridge International Examination Board.

All questions are the copyright of Cambridge International Examination Board.

Motor vehicle at valuation

Subscriptions owed by members

Payments during the year

10 650 Purchase of new motor vehicle 10 000

Proceeds of sale of motor vehicle

1 750 Competition prizes

800 General expenses

Competition entrance fees

The following information is also available:

The motor vehicle is used to take members to tournaments and competitions.

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All questions are the copyright of Cambridge International Examination Board.

All questions are the copyright of Cambridge International Examination Board.

All questions are the copyright of Cambridge International Examination Board.

Profit and Loss Account

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This is the total subscriptions paid by members during

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Details of the subscriptions are provided in the subscriptions account shown

At 31 July 2006 insurance prepaid amounted to $150 and general expenses

El Nil Sailing Club

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The financial year of the El Darb Sports Club ends on 31 December.

Where a traditional T account is used it should be balanced and the balances

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During the year ended 31 December 2009

For the year ended 31 December 2009

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El Darb Sports Club

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Equipment at book value

The treasurer supplied the following additional information.

Subscriptions owing by members

The equipment is depreciated by 10 % per annum on the value of equipment held at

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Show the amount transferred to the income and expenditure account.

All questions are the copyright of Cambridge International Examination Board.

Lobatse Rugby Club