Accounts - Principles of Accounts Past Questions and Answers

The working capital of the club is

It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.
What is the amount to be written off as other expenses?

It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses.
Determine the club's excess of income over expenditure

Miscellaneous expense is 10% of revenue Calculate the net income.

Subscriptions received are always put at 125% of the total donations received and refreshment sales.
What is the closing cash balance ?