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Clubs and Societies

Clubs and Societies

Session 5: Clubs and Societies

Clubs and Societies

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  • In this session, the chapter Clubs and Societies has been discussed. The chapter consists of the following parts:

    • Definition
    • Changes in terminology
    • Sources of income:   Subscription
    • Income from other sources:   
    1.     Life membership
    2.     Entry fees
    3.     Donations
    •  Additional sources of raising finance by a club
    • Differences between receipts and payments  and Income and Expenditure
    • The statement of financial position
    • Examples

     

    The notes have been uploaded in the exercise section.

  • Session 5: Clubs and Societies

  • Excercise Files

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