Income and expenditure account

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March 30, 2020 at 10:41 pm #566207
kwasia
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Required:
Calculate the profit on café operations and the profit on sale of sports equipment
Prepare a statement of subscription Income for 2018
Prepare an income and expenditure statement for the year ending 31 December 2018 and balance sheet as at 31 December 2018
Why do life subscriptions appear as a liability?
March 31, 2020 at 5:45 am #566214
Ken Garrett
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This would appear to be a question for the FA Ask the Tutor Forum. However, the tutor there will not be able to answer it unless much more information is supplied ie question details. Also, say where the question comes from, its name etc.
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