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Skip to Navigation Skip to Content Peter van Staden About Sports Clubs Sports clubs be non-profit organisations, they render services to their members and they use income to upgrade the facilities used by the members. Although the accounting principles for a sports club and a business argon the same, they are different in the way that the intention of a business is to make a profit where as the object of Sports club is to enable its members to take part in star or more kinds of activities.

Sources of income Membership fees Juniors R100 pa Seniors R250 pa Entrance fees Juniors R200 Seniors R400 Tuck shop Sweets common cold Drinks Chappis Energy bars Energade Other energy drinks Bar / Coffee Shop Coffee Beer Wine Brandy Cappuccino wear Store Club Jerseys Club Socks Donations Sponsorships Items of Expenditure Salaries and wages Refreshments Repairs Equipment Honorariums Bank Charges Club Jerseys Club Socks tie beam Fees Advertising Water And Electricity Ledger Accounts used Membership fees Entrance fees Refreshments Club Badges Honorarium affiliation fees Income and Expenditure Collection of membership fees Members buy off written off if they harbort paid there fees before were half way done the season If members redress their fees up front they drag a coupon for the tuck shop, bar, coffee shop or clothing shop If members pay late they are charged 15% interest for from for each one one month that theyre fees are late up until 6 months when they get written off Control measures for keeping of ledger There needs to be internal control over the cash flow in the business When money is received must be recorded in the source documents(cash register roll, cash receipt) The owner or tutor must sign off on all payments made coin received the previous week must be banked in at the beginning of each week. A trial sense of equilibrium must be done at the end of each month to see if any irregularities have occurred. Stock... If you want to get a full essay, order it on our website: Orderessay

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