PREPARATION OF ACCOUNTS OF NON-PROFIT-MAKING : LSUS

Financial Accounting SSS2 Third Term

WEEK – SEVEN AND EIGHT

PREPARATION OF ACCOUNTS OF NON-PROFIT-MAKING

CONTENT

PREPARATION OF ACCOUNTS OF NON-PROFIT-MAKING

ORGANIZATIONS-PRACTICAL ILLUSTRATION

Example

The star sports and social club provides recreational activities, refreshments and social events for its members. Its assets and liabilities at 31st December, 2003 were as follows

Fixed Assets                                                                    N

Pavilion                                                                       120,000

Club sports equipment                                                 40,000

Motor roller                               .... View More

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