club accounts Flashcards
1
Q
fixed assets + current assets - current liability =
A
total net assets
2
Q
current assets - current liability
A
working capital
3
Q
is stationary on hand current asset or current liability
A
current asset
4
Q
total cost -depreciation
A
nbv net book value
5
Q
income -expenditure
A
excess income over expenditure or
excess income over expenditure
6
Q
duties of treasurer
A
responsible for collecting subscriptions/income on behalf of the club
responsible for making all club payments
responsible for preparing final club accounts
to present report, comment,advise on club finance at Agm
to make applications for loans and lottery funding
7
Q
AGM
A
annual general meeting
