1. A club received subscriptions during 2005 totalling £25,000. Of these, £1,600 related to 2004 and £800 related to 2006. There were subscriptions in arrears at the end of 2005 of £500. The subscriptions to be included in the income and expenditure account for 2005 amount to

2. A receipts and payments account is similar to A an income and expenditure account B a profit and loss account C a trading account D a cash book summary