IGCSE Accounting: Clubs and societies (Cambridge 0452) – Practice Questions

Syllabus edition note. This resource follows the Cambridge IGCSE Accounting 0452 syllabus (and Cambridge O Level Accounting 7707, which has the same subject content for the same series) for exams in 2027, 2028 and 2029 (version 1), first examined in the March 2027 series in India and the June 2027 series elsewhere. If you sit 0452 in November 2026, you sit the 2026 syllabus (version 2), which differs: Paper 1 has 35 multiple-choice marks in 1 hour 15 minutes, not 40 marks in 1 hour 30 minutes; Topic 7 is “Accounting principles and policies”, without 7.2 Ethical considerations or 7.3 Technology and sustainability; 4.4 is “Irrecoverable debts and provision for doubtful debts”; income statements are named instead of statements of profit or loss; three-column running balance accounts are not required; Clubs and societies is 5.4 and Manufacturing accounts 5.5; and 6.3 is “Inter-firm comparison”. For this topic, the 2026 syllabus covers only trading and service businesses in 5.1 and limits drawings adjustments to goods taken by the owner for own use; for limited companies it excludes cumulative and non-cumulative preference shares, rights issues, share premium and capital redemption reserve but requires the difference between redeemable and non-redeemable preference shares (the 2027-2029 syllabus lists none of these); and for incomplete records it does not ask why businesses keep them or what their advantages are. If you sit in November 2026, work from the 2026 syllabus on the Cambridge International website.

These are original questions written for Marlbridge, for revision and practice on this content. They are not reproduced past-paper questions, and they do not replicate the exam’s exact structure, question count or mark tariffs – examination boards hold copyright in their own papers. Use these alongside the official past papers from your board or school.

This set covers syllabus section 5.5 Clubs and societies in Cambridge IGCSE Accounting 0452, for exams in 2027, 2028 and 2029 (version 1), part of Topic 5, Preparation of financial statements. All amounts are in dollars. Read the study guide and the revision notes first. Wider practice: Topic 5 questions. Cambridge IGCSE Accounting hub, printable checklist and free diagnostics.

Questions

1. State two items that appear in a club’s receipts and payments account but not in its income and expenditure account. [2]

2. Wexley Cricket Club has three transactions. State whether each is capital or revenue: (a) buying a new scoreboard, (b) paying the groundsman’s wages, (c) painting the pavilion. [3]

3. Pemberton Swimming Club began 2028 with 1,850 in the bank. During the year it received 6,200 in subscriptions, 480 in gala entry fees and 2,900 in kiosk takings. It paid pool hire 3,600, lifeguard fees 1,400, kiosk supplies 1,700 and 750 for new training equipment. Prepare the receipts and payments account for 2028. [4]

4. Holbrook Drama Society received 4,180 in subscriptions in 2028. Arrears were 140 at 1 January and 95 at 31 December. Advance payments were 70 at 1 January and 125 at 31 December. Calculate the subscription income for the income and expenditure account. [3]

5. Fell Top Rambling Club received 7,350 in subscriptions in 2028. Arrears were 210 at 1 January and 260 at 31 December. Advance payments were 130 at 1 January and 90 at 31 December. A former member owed 60, which was written off.

(a) Prepare the subscriptions account for the year. [4] (b) State where the 60 written off appears in the income and expenditure account. [1]

6. Stonebridge Hockey Club runs a refreshments stall. In 2028 sales were 5,640 and the club paid 3,120 for supplies. Trade payables for supplies were 280 at the start and 350 at the end. Inventory was 410 at the start and 360 at the end. The stall assistant was paid 900. Calculate the profit or loss on refreshments for the income and expenditure account. [5]

7. Aldenby Golf Club’s assets at 1 January 2028 were clubhouse 40,000, equipment 6,500, inventory 300, subscriptions in arrears 220 and bank 2,760. Its liabilities were subscriptions in advance 180 and trade payables 340.

(a) Define the accumulated fund. [1] (b) Calculate the accumulated fund at 1 January 2028. [3]

8. A club depreciates three assets. Calculate the depreciation for the year in each case.

(a) Mowers cost 12,000, residual value 1,200, expected life 6 years, straight-line method. State also the net book value after one year. [2] (b) Furniture with a net book value of 8,400 at the start of the year, reducing balance method at 15%. State also the new net book value. [2] (c) Sound equipment valued at 2,600 at the start of the year; 700 was spent on additions; the closing valuation is 2,950. [2]

9. A club’s electricity paid in 2028 was 1,480, with 190 owing at 1 January and 260 owing at 31 December. Its insurance paid was 840, with 210 prepaid at 1 January and 230 prepaid at 31 December.

(a) Calculate the electricity expense. [2] (b) Calculate the insurance expense. [2] (c) State where the insurance prepaid at 31 December appears in the statement of financial position. [1]

10. A club treasurer says: “Our bank balance rose by 1,200 this year, so we made a surplus of 1,200.” Explain two reasons why the treasurer may be wrong. [4]

11. Greywood Community Choir’s receipts and payments account for the year ended 31 December 2028 is shown.

Receipts                          Payments
Balance b/d             1,640     Hall hire                 1,800
Subscriptions           3,900     Music scores              600
Concert tickets         2,750     Conductor's fees          2,400
Refreshment takings     1,260     Concert costs             1,100
                                  Refreshment supplies        700
                                  Insurance                   320
                                  Balance c/d               2,630
                        9,550                               9,550

Other information:

• Subscriptions in arrears were 100 at 1 January and 140 at 31 December; subscriptions in advance were 60 and 80.
• Hall hire of 200 was owing at 31 December. Insurance includes 80 prepaid at 31 December.
• Refreshment inventory was 90 at 1 January and 110 at 31 December. There were no trade payables.
• Music scores were valued at 1,500 at 1 January and 1,900 at 31 December. Depreciation is found by revaluation.

(a) Calculate the subscription income. [2] (b) Calculate the profit on refreshments. [2] (c) Prepare the income and expenditure account for the year. [4] (d) Calculate the accumulated fund at 1 January 2028. [2] (e) State the total assets and the accumulated fund at 31 December 2028. [2]

Answers

1. The opening cash and bank balance [1]; the purchase of equipment or another non-current asset, which is capital expenditure [1]. The closing balance is also acceptable. Examiner insight: Naming two different items earns more than repeating one idea in two ways, so give two distinct examples.

2. (a) capital [1]; (b) revenue [1]; (c) revenue [1]. Examiner insight: One word is enough, but it must be capital or revenue; a vague word such as “expense” does not answer the question.

3. Receipts: balance b/d 1,850, subscriptions 6,200, gala entry fees 480 and kiosk takings 2,900, total 11,430 [1]. Payments: pool hire 3,600, lifeguard fees 1,400, kiosk supplies 1,700 and equipment 750, total 7,450 [1]. Balance c/d 11,430 - 7,450 = 3,980 [1]. Both sides total 11,430 [1]. Examiner insight: The opening balance belongs on the receipts side; a missing total or a closing balance on the wrong side is an easy way to lose credit.

4. Income = 4,180 - 140 + 95 + 70 - 125 [1] with the arrears adjustment [1] and the advance adjustment [1] = 4,080. Examiner insight: Show the working in one line; a bare answer gives an examiner nothing to credit if one sign is wrong.

5. (a) Debit side: balance b/d (arrears) 210, balance c/d (advance) 90, income and expenditure 7,500 [1]. Credit side: balance b/d (advance) 130, bank 7,350, irrecoverable subscriptions 60, balance c/d (arrears) 260 [1]. Both sides total 7,800 [1]. Income is 7,500 [1]. (b) It is shown as expenditure (irrecoverable subscriptions), not deducted from income [1]. Examiner insight: Label each balance as arrears or advance and place it on the correct side.

6. Purchases = 3,120 + 350 - 280 = 3,190 [1]. Cost of sales = 410 + 3,190 - 360 = 3,240 [1]. Gross profit = 5,640 - 3,240 = 2,400 [1]. Less assistant’s wages 900 [1]. Profit on refreshments 1,500 [1]. Examiner insight: Cash paid is only the starting point; adjusting for trade payables turns it into purchases.

7. (a) Total assets less total liabilities, the capital of the club [1]. (b) Assets 40,000 + 6,500 + 300 + 220 + 2,760 = 49,780 [1]. Liabilities 180 + 340 = 520 [1]. Accumulated fund 49,260 [1]. Examiner insight: Subtract all liabilities; advance subscriptions and trade payables both count, and leaving either out changes the fund.

8. (a) (12,000 - 1,200) divided by 6 = 1,800 [1]; net book value 12,000 - 1,800 = 10,200 [1]. (b) 15% x 8,400 = 1,260 [1]; new net book value 8,400 - 1,260 = 7,140 [1]. (c) 2,600 + 700 - 2,950 [1] = 350 [1]. Examiner insight: Write the formula you are using; applying a straight-line idea to a reducing balance asset is a common slip.

9. (a) 1,480 + 260 - 190 [1] = 1,550 [1]. (b) 840 + 210 - 230 [1] = 820 [1]. (c) Current assets, as an other receivable (prepayment) [1]. Examiner insight: Check the direction: an amount owing at the end raises the charge and a prepayment at the end lowers it.

10. Two separate reasons, each with an explanation, for example: the bank balance falls when equipment is bought, but the purchase is capital and only depreciation is expenditure [1], so the change in bank understates or distorts the result [1]; subscriptions received may include arrears from last year or payments in advance for next year [1], so cash received is not the income earned in the year [1]. Examiner insight: Each reason needs an effect on the surplus; the label “capital items” alone is not an explanation.

11. (a) 3,900 - 100 + 140 + 60 - 80 [1] = 3,920 [1]. (b) Cost of sales = 90 + 700 - 110 = 680 [1]. Profit = 1,260 - 680 = 580 [1]. (c) Income: subscriptions 3,920; profit on refreshments 580; concert surplus 2,750 - 1,100 = 1,650; total income 6,150 [1]. Expenditure: hall hire 1,800 + 200 = 2,000 [1]; conductor’s fees 2,400; insurance 320 - 80 = 240 [1]; depreciation of scores 1,500 + 600 - 1,900 = 200; total expenditure 4,840. Surplus 1,310 [1]. (d) Assets 1,500 + 90 + 100 + 1,640 = 3,330 [1]; less advance subscriptions 60 = 3,270 [1]. (e) Total assets 1,900 + 110 + 140 + 80 + 2,630 = 4,860 [1]; accumulated fund 3,270 + 1,310 = 4,580, which with liabilities of 280 agrees to 4,860 [1]. Examiner insight: The music scores purchase is in the receipts and payments account but not in the income and expenditure account; check that both sides of the statement of financial position agree.

Where marks are usually lost

• Putting the opening bank balance or capital purchases into the income and expenditure account.
• Using the cash received for subscriptions as income without adjusting for arrears and advance payments.
• Treating arrears as a liability or advance payments as an asset.
• Deducting an amount written off from income instead of showing it as expenditure.
• Using cash paid as purchases, without adjusting for trade payables.
• Showing an activity’s sales and costs instead of its net result.
• Applying a depreciation percentage to cost instead of net book value.
• Calling the result a profit when the question expects surplus or deficit.

Next steps

• Revisit the study guide and the revision notes.
• Return to the Cambridge IGCSE Accounting hub and tick off the checklist.
• Take one of the free 10-minute diagnostics to find the next gap.
• Book a free trial class for help with the hardest questions.

Frequently asked questions

How do you calculate subscription income for a club? Use a subscriptions account to adjust the cash received for opening and closing arrears and advance payments; subscription income is the balancing figure. Using the cash received as income without these adjustments is a common error.

How is an irrecoverable subscription treated? Subscriptions that will never be paid are written off and shown as expenditure in the income and expenditure account. They should not also be deducted from subscription income.

How do you find purchases for a club café? Purchases equal the cash paid for supplies plus closing trade payables minus opening trade payables. Using cash paid alone as purchases is a common mistake in Cambridge IGCSE Accounting (0452) questions.

What words should be used for a club’s result? A club makes a surplus when income exceeds expenditure and a deficit when expenditure exceeds income. Calling the result a profit or loss, or the accumulated fund capital, loses marks when the question expects club terminology.

Official syllabus

Source: Cambridge IGCSE Accounting 0452 syllabus for 2027, 2028 and 2029 (version 1), Cambridge University Press & Assessment, section 5.5. Names and amounts are invented.