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Membership fees of Gizmo Soccer Club was R1 200 per year for 20.1 and R1 300 per year for 20.2. On 31 December 20.1, it was noted that 4 members did not pay their membership fees for 20.1 and 9 members paid their membership fees for the 20.2 on 31 December. The financial year end of Gizmo Soccer Club is 31 December.
The amount to be disclosed as current liabilities in statement of financial position as at 31 December is …
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the R (eg: 12141.72)
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