1. Non-trading Organization

3. Receipts and Payments Account Same as cash book Debit side – Receipts Credit side - Payments

4. Example: Lions Club has the following information for the year ended 31 Dec 2000 Receipts$ Balance at 1.1.20001 000 Subscriptions4 500 Bar sales550 Sale of flowers1 200

5. Example: Lions Club has the following information for the year ended 31 Dec 2000 Payments$ Rent2 300 Bar purchases300 Bar wages800 Cost of flowers900 Equipment2 000

6. Receipts and Payments Account for the year ended 31 December 2000 Receipts$Payments$ Bal b/d1 000Rent2 300 Subscriptions4 500Bar purchases300 Bar sales550Bar wages800 Sale of flowers1 200Cost of flowers900 Equipment2 000 Bal c/d? ??

7. Receipts and Payments Account for the year ended 31 December 2000 Receipts$Payments$ Bal b/d1 000Rent2 300 Subscriptions4 500Bar purchases300 Bar sales550Bar wages800 Sale of flowers1 200Cost of flowers900 Equipment2 000 Bal c/d? 7 250

8. Receipts and Payments Account for the year ended 31 December 2000 Receipts$Payments$ Bal b/d1 000Rent2 300 Subscriptions4 500Bar purchases300 Bar sales550Bar wages800 Sale of flowers1 200Cost of flowers900 Equipment2 000 Bal c/d950 7 250

9. Exercises: Ex. 34.3 Ex. 34.4X

10. Bar Trading Account Same as trading account Bar sales Cost of goods sold (opening stock + bar purchases – closing stock) Bar wages Profit to income and expenditure account

11. Lions Club Bar Trading Account for the year ended 31 December 2000 $$ Opening stock Bar Sales Add Purchases Less Closing stock Cost of goods sold Bar wages Profit to income and expenditure