CLUB ACCOUNTS. What is a Club?. A Club is an organisation set up by its members Officers are elected annually at the annual general meeting (AGM) e.g. Chairperson, Treasurer, Secretary Clubs are non profit making organisations e.g. Golf Club, Rugby Club, Hurling Club, Hockey Club
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Role of Chairperson
A List of topics to be discussed at the meeting, the meeting follows the sequence of the Agenda.
The club operates a bar and the end of the year it produces a Trading Accounts and the profit/loss is then transferred to the Income and Expenditure Account.
Bar Sales €20,000
Bar Purchases €8,000
Bar opening Stock €3,500
Bar closing Stock €2,100
2010 Paper 1 Section B Q2
Calculate Club’s Accumulated Fund