Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 5 - No. 31)
From the following additional information at 31 October 2013, what the receipts and payments account from question 7 shows; draw up an income and expenditure account for the Hockey 13th Walking Club for the year ended 31 December 2013.
a)
b)
c)
d)
Explanation
The income and expenditure account calculates the club's profit or loss for the period.
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