Club Accounts - Balance Sheet entries Flashcards
1
Q
Fixed Assets [3]
A
Clubhouse and Course/Land
Equipment
Machinery
2
Q
Financial Assets [3]
A
x% Investments
x% Building society
x% Government Investment
3
Q
Current Assets [6]
A
Closing Stock [Bar]
Closing Stock [Catering]
Bank [If Debit]
Debtors
Investment Income Due
Prize Bonds
4
Q
Creditors: amounts due within 1 year [4]
A
Bar Creditors
Coaching Wages Due
Bank [If Credit]
Subscriptions prepaid
5
Q
Financed by:
Creditors falling due after 1 year [1]
A
Life membership
6
Q
Capital and Reserves [4]
A
Accumulated Fund
Levy Reserve Fund
Lotto Grant
Surplus Income over expenditure
