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Non-trading Organization

Lions Club's Receipts and Payments Account for the year ended 31 Dec 2000, showing receipts on the debit side and payments on the credit side, same as a cash book.

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Non-trading Organization

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  1. Non-trading Organization

  2. Receipts and Payments Account

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

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

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

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

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

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

  9. Exercises: Ex. 34.3 Ex. 34.4X

  10. 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

  11. Lions Club Bar Trading Account for the year ended 31 December 2000

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