Subjects · Leaving Cert Accounting
Leaving Cert Accounting: Club accounts
How often Club accounts comes up on the Accounting papers, every year it was asked, and questions to try.
HL Asked on 4 of the last 10 Higher Level papers, most recently in 2026.
OL Asked on 5 of the last 10 Ordinary Level papers, most recently in 2026.
Quick ones on Club accounts.
- Receipts and payments account
- Income and expenditure account
- Accumulated fund
- Net profit
- Surplus
- Deficit
- Cash and bank at the start of the year
- Subscriptions due from members
- The accumulated fund at the start
Show the answers
(a) Income and expenditure account
(b) Deficit
(c) Cash and bank at the start of the year
Higher Level
Asked on 4 of the last 10 Higher Level papers, most recently in 2026.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Q3 |
| 2025 | Not asked |
| 2024 | Not asked |
| 2023 | Not asked |
| 2022 | Q7 |
| 2021 | Not asked |
| 2019 | Q6 |
| 2018 | Not asked |
| 2017 | Not asked |
| 2016 | Q3 |
Links open the State Examinations Commission’s paper for that year.
More Club accounts questions
Club accounts, 2 marks
Life membership fees are usually…
- Treated as income in full in the year in which they are received
- Deducted from the accumulated fund in the balance sheet
- Put in a life membership fund and released to income over several years
Show the answer
Put in a life membership fund and released to income over several years
Members benefit for years, so the fee is spread out (accruals): e.g. €5,000 over 10 years releases €500 a year to income.
Club accounts, 2 marks
Prize money paid for a club competition is…
- A current liability of the club
- Set against the competition income
- Capital expenditure on fixed assets
Show the answer
Set against the competition income
Prizes are a cost of running the competition, so they are deducted from its income to show the net result.
Ordinary Level
Asked on 5 of the last 10 Ordinary Level papers, most recently in 2026.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Q7 |
| 2025 | Q4 |
| 2024 | Not asked |
| 2023 | Not asked |
| 2022 | Q7 |
| 2021 | Not asked |
| 2019 | Q7 |
| 2018 | Not asked |
| 2017 | Q7 |
| 2016 | Not asked |
Links open the State Examinations Commission’s paper for that year.
More Club accounts questions
Club accounts, 3 marks
Bar sales €20,000; cost of bar sales €12,000. Bar profit?
- €32,000
- €12,000
- €8,000
Show the answer
€8,000
Bar profit = bar sales − cost of bar sales = €20,000 − €12,000 = €8,000. It goes to the income and expenditure account.
Club accounts, 2 marks
A club's accumulated fund is the equivalent of a business's…
- Drawings
- Capital
- Net profit
Show the answer
Capital
Accumulated fund = club assets − club liabilities, just as capital = assets − liabilities for a business.
Club accounts, 2 marks
A club's excess of income over expenditure is called a…
- Surplus
- Deficit
- Accumulated fund
Show the answer
Surplus
A club does not aim for profit, so extra income is a surplus. If spending is higher, it is a deficit.
Other Accounting topics
- Accruals and prepayments
- Bad debts and provisions
- Budgets
- Cash flow statements
- Correction of errors
- Depreciation
- Ratios — efficiency
- Ratios — interpretation
- Ratios — investment
- Ratios — liquidity
- Ratios — profitability
- Company final accounts
- Bank reconciliation
- Ratios — gearing
- Fixed asset disposal
- Control accounts
- Farm accounts
- Manufacturing accounts
- Marginal costing
- Overhead absorption
- Product costing
- Published accounts
- Cash budgets
- Cost classification
- Final accounts
- Incomplete records
- Tabular statements
- Fixed asset revaluation
- Service firms
- Flexible budgets
- Stock valuation
- Trial balance
- Accounting concepts
- Capital and revenue expenditure
- Departmental accounts
- VAT