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Clubs and Societies

Clubs and Societies

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Published by Nayaz Emamaullee
An introduction to Accounts for Clubs and Societies mainly prepared for students of Principles of accounts at GCE O Level and teachers. Also visit http;//principlesofaccounts.weebly.com
and feel free to send your suggestions and comments
An introduction to Accounts for Clubs and Societies mainly prepared for students of Principles of accounts at GCE O Level and teachers. Also visit http;//principlesofaccounts.weebly.com
and feel free to send your suggestions and comments

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Published by: Nayaz Emamaullee on May 08, 2010
Copyright:Attribution Non-commercial

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07/30/2010

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Clubs and societies
http://principlesofaccounts.weebly.com
 
Profit Making/ Trading 
`
- P
rovide goods or services in exchange of money/ market value
`
-A
im is to get maximumprofit
`
- O
wned by persons whowant more money (profit)
on-Profit making/ 
on-Trading 
`
-A
im at promotingcultural, recreational «interests of its members
`
- N
o value placed whatthe members benefit
`
- M
embers only contributean equal amount for therunning of the club/society/ association
 
T
hey both need money
T
hey both have sources of income
P
rofit making
P
rofit makingor or nonnon
--
profit makingprofit making

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