(Solution) - The secretary of the Woodland Hockey Club gives you the -(2025 Original AI-Free Solution)

Paper Details

The secretary of the Woodland Hockey Club gives you the following summary of his cash book for the year ended 31 May 20X2:

The secretary also gives you the following information:
On 31 May 20X1 the club's equipment appeared in the books at £150. It is desired that 12 per cent be written off the book value of the equipment as it appears on 31 May 20X1.
Required
a. Show your computation of the club's accumulated fund as on 31 May 20X1.
b. Prepare the income and expenditure account showing the result for the year ended 31 May 20X2, and the statement of financial position as on that date.