Preparing a cashbook for a non-profit organisation (club)
ID:CVACC
Video Overview
A sports club is a non-profit organisation. The objective of a club is to provide facilities to its members who pay an annual membership fee, also referred to as a subscription fee. The same accounting rules and procedures are used to record transactions for a club. However, the bookkeeping cycle is simplified and adapted for a club as it usually operates mainly on a cash basis. The most important journal for a club is therefore the cashbook. In this tutorial we will discuss preparing a cashbook for a non-profit organisation (in this case, a club)
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