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Cambridge IGCSE Accounting

5.5Clubs and societies

Clubs and societies in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic57 practice questions3 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 5.5.1Prepare receipts and payments accounts.
  2. 5.5.2Prepare accounts for revenue-generating activities and subscriptions.
  3. 5.5.3Prepare income and expenditure accounts and statements of financial position and calculate the accumulated fund.

Lessons

  • Club subscriptions and revenue-generating activities

    40 min

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  • Clubs and societies: the receipts and payments account

    30 min

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  • Income and expenditure accounts and the club statement of financial position

    45 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Clubs and societies: sample question

1 mark

A club paid US$3,400 for a new lawnmower expected to last five years. How is this treated?

Choose one answer

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