Beruflich Dokumente
Kultur Dokumente
Chapter 34
Receipts and Payments Accounts
and
Income and Expenditure
Accounts
Introduction
Non-profit
making
organizations
Non-profit
making
Except sale
of food and
drinks
No
distribution
of profits to
members
Provide
services to
members
Profits
Sources of income
Incomes :
Expenditures :
1. Donations
2. Subsidy
3. Income from fund
raising activities
4. Subscriptions
5. Membership fees
6. Entrance fees
7. Bar profit
8.
1. Stationery
2. Sundry expenses
3. Printing
4.
5.
6.
7.
8.
Staff wages
Depreciation of FA
Rent and rates
Telephone bills
.
Accounting Terms
Trading Firms :
Non-profit Making
Organizations :
1.
2.
Capital
Cash Book
1.
2.
3.
3.
4.
Net Profit
5. Net Loss
4.
5.
Accumulated Fund
Receipts and Payments
Account
Income and Expenditure
Account
Surplus of income over
expenditure / Surplus
Excess of expenditure
over income / Deficit
Payments
List of payment items
Closing bank balance
Closing cash balance
38 000
Less : Expenditure
Rent and rates
10 000
Stationery
900
Provision for depreciation
--- fixtures and fittings
1 100
Surplus of income over expenditure
12 000
36 000
1 500
200
40 000
$
11 000
1 100
$
9 900
41 700
1 000
40 700
50 600
( to be continued )
Accumulated Fund
Balance as at 1 November 2003
Add : Excess of income over expenditure
$
10 000
36 000
46 000
4 600
50 600
?
Summary of accounting
procedures
?
Steps :
1. Statement of affairs
2. Bar Trading Account
3. Income and
Expenditure Account
4. Balance Sheet
Notes
Example 1 !!!!!!!
THE END
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