Hello All,
Could someone please assist me with a question I've got that involves 'Financial Statements for Non-Reporting Entities' ??
I've got a list of info for the year ended 30 June 2017, that has a Description, Cash/Paid/Nothing and then an amount.
Cash at bank 01 July 2016 - Receipts and Payments ST.
Annual Subscriptions Received Cash - Members Sub. Acc.
Barman's Wages Paid
Bar Purchases Paid
Bar Sales Cash
Club Furniture Purchased Cash
Club Manager's Salary Cash
Depreciation - Club Furniture
Donations Received Cash
Insurance Paid
Maintenance of Club Facilities Paid
Printing and Stationary Paid
Rent Paid Paid
Sundry Expenses Paid
Wages Paid
Then I've got a box with: Other Information - this list has a Description. Amount for 01/07/16 and Amount for 30/06/17. . .
Other Info:
Bar Inventory - Bar Trading St??
Subscriptions in Advance - Members Sub. Acc.
Subscriptions in Arrears - Members Sub. Acc.
Wages Accrued - Bar Trading Statement?
Rent Paid in Advance - I don't know where to put this?
From this I have to produce a:
Members Subscriptions Account
Bar Trading Statement
Receipts and Payments Statement
Income and Expenditure Account
Is it possible that some things from the list will go in more than one Statement/Account?
Can someone please correct me?? I've put beside each account where I think each one goes!
What's the difference when accounting the above accounts for the Receipts/Payments Statement and Income/Expenditure Account??
Thanks for your help in advance.
Could someone please assist me with a question I've got that involves 'Financial Statements for Non-Reporting Entities' ??
I've got a list of info for the year ended 30 June 2017, that has a Description, Cash/Paid/Nothing and then an amount.
Cash at bank 01 July 2016 - Receipts and Payments ST.
Annual Subscriptions Received Cash - Members Sub. Acc.
Barman's Wages Paid
Bar Purchases Paid
Bar Sales Cash
Club Furniture Purchased Cash
Club Manager's Salary Cash
Depreciation - Club Furniture
Donations Received Cash
Insurance Paid
Maintenance of Club Facilities Paid
Printing and Stationary Paid
Rent Paid Paid
Sundry Expenses Paid
Wages Paid
Then I've got a box with: Other Information - this list has a Description. Amount for 01/07/16 and Amount for 30/06/17. . .
Other Info:
Bar Inventory - Bar Trading St??
Subscriptions in Advance - Members Sub. Acc.
Subscriptions in Arrears - Members Sub. Acc.
Wages Accrued - Bar Trading Statement?
Rent Paid in Advance - I don't know where to put this?
From this I have to produce a:
Members Subscriptions Account
Bar Trading Statement
Receipts and Payments Statement
Income and Expenditure Account
Is it possible that some things from the list will go in more than one Statement/Account?
Can someone please correct me?? I've put beside each account where I think each one goes!
What's the difference when accounting the above accounts for the Receipts/Payments Statement and Income/Expenditure Account??
Thanks for your help in advance.
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