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Non-trading Organizations

Non-trading Organizations. Non-trading Organizations. Non-trading Organizations. Receipts and Payments Account Bar Trading Account Income and Expenditure Account Balance Sheet. Receipts and Payments Account. Receipts and Payments Account. Same as cash book Debit side – Receipts

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Non-trading Organizations

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  1. Non-trading Organizations

  2. Non-trading Organizations

  3. Non-trading Organizations • Receipts and Payments Account • Bar Trading Account • Income and Expenditure Account • Balance Sheet

  4. Receipts and Payments Account

  5. Receipts and Payments Account • Same as cash book • Debit side – Receipts • Credit side - Payments

  6. Example: Lions Club has the following information for the year ended 31 Dec 2000

  7. Example: Lions Club has the following information for the year ended 31 Dec 2000

  8. Receipts and Payments Account for the year ended 31 December 2000

  9. Receipts and Payments Account for the year ended 31 December 2000

  10. Receipts and Payments Account for the year ended 31 December 2000

  11. Exercises: Ex. 34.3 Ex. 34.4X

  12. Bar Trading Account • Same as trading account • Bar sales • Cost of goods sold (opening stock + bar purchases – closing stock) • Bar wages • Profit to income and expenditure account

  13. Lions ClubBar Trading Accountfor the year ended 31 Dec 2000

  14. Lions ClubBar Trading Accountfor the year ended 31 Dec 2000

  15. Additional information Bar stock: At 1.Jan 2000 $300 At 31. Dec 2000 $500

  16. Lions ClubBar Trading Accountfor the year ended 31 Dec 2000

  17. Lions ClubBar Trading Accountfor the year ended 31 Dec 2000

  18. Lions ClubBar Trading Accountfor the year ended 31 Dec 2000

  19. Exercises: Ex. 34.5 Ex. 34.6X

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