Club A/C

Question 1

4 Parts of a Club Account

Answer 1

1. Statement of Accumulated Fund
2. Receipts and Payments Account
3. Income and Expenditure Account
4. Balance Sheet
5. Trading Account

Question 2

Role of Chairperson

Answer 2

• Responsible for leading the club.
• Ensures the club’s policies are carried out.
• Keeps order at the meetings.
• Ensures that the agenda is followed at meetings.

Question 3

Role of Secretary

Answer 3

• Draws up the agenda of meetings with chairperson.
• In charge of making and filing all club records.
• Keeps the minutes of the meeting.
• Notifies people about the meeting.

Question 4

Role of Treasurer

Answer 4

• Ensures all members pay their subscriptions.
• Lodges all receipts in the bank.
• Pays all expenses of the club.
• Prepares an end of year financial report for the AGM

Question 5

Items in Treasurer’s Report

Answer 5

• A summary of the club’s financial performance for the past year.
• List of future financial requirements, if any eg new astro.
• Recommendations to the members concerning these requirements.