Stock trading accounts for non-profit organisations (club)
ID:CVSAC
Video Overview
A sports club is a non-profit organisation. The main objective of a club is not to make a profit, but to provide facilities to its members who pay an annual membership fee, also referred to as a subscription fee. The main source of income for a club is the membership fees. There
are, however, other sources of income, such as the sale of refreshments, the sale of sports equipment and the sale of sports clothing. How are the transactions relating to the purchase and sales of these items recorded? Each source of income will have its own stock trading account. In this tutorial we will discuss stock trading accounts for non-profit organisations (club).
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