Accounting Project James Nevin Term 2 2012 Income‚ Expenses and Recording System Income: The Western Cape Soccer Club has multiple sources of income‚ the main ones being: * Membership Fees – The Club has 260 members who pay different annual prices. Juniors pay R100 per annum and adults pay R250 per annum. * Entrance Fees – The Club charges entrance fees for all new members. Juniors pay a fee of R200 and adults pay a fee of R400. * Tuckshop and Bar – The Club runs a tuckshop and
Premium Revenue Money Expense
income The main sources of income for the Cape Soccer Club are: • The membership fees paid by the members. We charge R450 per annum for adults and R120 per annum for juniors. • Joining fees. R400 joining fee for adults and a R200 joining fee for juniors. • The tuck shop where we sell a range of refreshments. • The Pro-Shop where we sell club jerseys‚ tracksuits‚ T-shirts and socks. 2) Expenditure The main items of expenditure of our club are: • Salaries and wages. • Rental of the facilities
Premium Expense Income statement
Peter van Staden About Sports Clubs Sports clubs are non-profit organisations‚ they render services to their members and they use income to upgrade the facilities used by the members. Although the accounting principles for a sports club and a business are the same‚ they are different in the way that the object of a business is to make a profit where as the object of Sports club is to enable its members to take part in one or more kinds of activities. Sources of income Membership fees Juniors
Premium Money Payment Receipt
with additional income it covers the clubs expenses. There are usually Membership fees outstanding as well as people who pay in advance. Entrance fees is also a part of the clubs income. This is paid by new members who join the club. This fee is only paid once and stands at R200 for juniors and R400 for adults. The club also has a tuck-shop that sells refreshments as well as a coffee bar The club also has a shop that sells jerseys and socks. The club also gets money if they win a tournament
Premium Money General ledger Payment
www.grossarchive.com Get your complete project work ACCOUNTING RECORD KEEPING AND AUDITOR’S PERFORMANCE Accounting (B.S.C) Chapters No of pages Price 1-5 130 pages N 5‚ 000 For more project materials Log on to www.grossarchive.com Or call +2348130686500 +2348097682691 Terms and Condition 1 www.grossarchive.com Get your complete project work Using our service is LEGAL and IS NOT prohibited by any university/college policies You are allowed to use the original model papers you
Premium Enron Balance sheet Financial statements
LedgeAccount (Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because
Premium Accounts receivable Debt Double-entry bookkeeping system
made by running a Kit shop What are the club’s main items of expenditure? • Refreshments bought to sell at the tuck-shop and bar/coffee shop • Expenditure on cost price of the club jerseys and socks that get sold at the Kit shop • Operating expenses such as water‚ electricity‚ etc. • Maintenance expenses What ledger accounts are you using in your system in order to record these incomes and expenses‚ focussing on those that are different from businesses? • Membership Fees • Membership Fees
Premium Expense Money Income statement
Robert Mercado Which source document do you believe is most important to the accounting process and why? All source document are extremely important to the Accounting process‚ such as‚ receipt stubs‚ copies of register tapes‚ memo of cash register totals‚ respectfully. The checks stubs or copies of checks provides us information about cash payments. On the other hand‚ receipts stubs‚ copies of receipts‚ and the memos of cash register totals will provide information on cash receipts‚ (Heintz
Premium Receipt Cash register Invoice
CORROSION AND ITS CONTROL CORROSION * corrosion can be defined as the degradation of a material due to a reaction with its environment. * Degradation implies deterioration of physical properties of the material. This can be a weakening of the material due to a loss of cross-sectional area‚ it can be the shattering of a metal due to hydrogen embrittlement‚ or it can be the cracking of a polymer due to sunlight exposure. * Materials can be metals‚ polymers (plastics‚ rubbers‚ etc.)‚
Premium Corrosion
Introduction Although all accountants adopt the generally accepted accounting rules‚ each industry has its own characteristics. This is why analysts need specific knowledge about the industry so as to decide which set of accounting rules to apply to reflect the financial situation of the corporation best. And in the football industry‚ perhaps the main characteristics is the fluctuations in revenue and net income due to uncertainties in the industry. A team can earn a huge amount of money in this
Premium Premier League