1. One Ordinary Level Type Q
03/04/2019
CHAPTER 45 Club Accounts
One Ordinary Level Type Q
One Trading A/C with an Income and Expenditure A/C Type Q
One Income and Expenditure A/C with a Balance Sheet Type Q
This is the Title Slide
R. DELANEY

2. Q1 Page 238 Workbook (OL) Date Details Bank Comp Lotto Fees Date
R. Delaney
Q1 Page 238 Workbook (OL)
Date
Details
Bank
Comp
Lotto Fees
Date
Details
Chq
Bank
Comp
Lotto
Wages
Others
2013 € € € €
2013 € € € € €
01-Jul
Balance
500
02-Jul
Prizes 1
400
08-Jul
Membs’ Fees
3,300
3,300
10-Jul
Advertising 2
150
150
14-Jul
Entry fees
850
850
11-Jul
Caretaker 3
900
900
15-Jul
Membs’Fees
3,850
3,850
20-Jul
Prizes 4
450
450
18-Jul
Lotto cards
2,600
2,600
24-Jul
Lotto winner 5
2,500
2,500
21-Jul
Lotto cards
3,500
3,500
25-Jul
Caretaker 6
900
900
23-Jul
Entry fees
850
850
29-Jul
Repairs 7
560
560
31-Jul
Balance c/d
9,590
15,450
1,700
6,100
7,150
15,450
450
2,650
1,800
560
01-Aug
Balance b/d
9,590

3. Q16 Page 431 Textbook (HL) Bar Trading Account 31/12/09 € € € Sales
R. Delaney
Q16 Page 431 Textbook (HL)
Bar Trading Account 31/12/09 € € €
Sales
13,500
Cost of sales
Opening stock
600
Purchases
8,500
Cost of goods available for sale
9,100
Less closing stock
575
Cost of goods sold
8,525
Bar profit
4,975

4. Income and Expenditure Account at 31/12/09
R. Delaney
Q16 (cont)
Income and Expenditure Account at 31/12/09
Income € € €
Bar profit
4,975
Membership fees
5,500
Less fees prepaid
180
5,320
Club lotto income
8,300
Annual sponsorship
4,000
22,595
Less Expenditure
Light and heat
2,100
Administration expenses
4,200
Stationery
3,200
Less closing stock of stationery
2,000
1,200
Telephone
500
Plus bill due 75
575
Depreciation of equipment 15%
1,050
9,125
Surplus of Income over Expenditure
13,470

5. INCOME AND EXPENDITURE ACCOUNT AT 31/12/09
R. Delaney
Q18 Page 432 Textbook
INCOME AND EXPENDITURE ACCOUNT AT 31/12/09 € € €
Income
Annual Fundraiser
94,400
Membership Fees
12,500
Less amount prepaid
1,500
11,000
Raffle Income
7,700
113,100
(Continued on next slide)

6. Q18 (cont) Less Expenditure € € Maintenance of grounds 4,500
R. Delaney
Q18 (cont)
Less Expenditure € €
Maintenance of grounds
4,500
Stationery
2,460
Light and heat
15,200
Plus amount due
4,500
19,700
Travelling expenses
8,200
Insurance
2,500
Less amount prepaid
500
2,000
General expenses
35,000
Depreciation
Clubhouse 2%
3,000
Equipment 15%
14,250
17,250
89,110
Surplus of I over E
23,990

7. Q18 (cont) BALANCE SHEET AS AT 31/12/09 € € € Fixed Assets Cost Dep
R. Delaney
Q18 (cont)
BALANCE SHEET AS AT 31/12/ € € €
Fixed Assets
Cost
Dep
Net
Clubhouse
150,000
3,000
147,000
Equipment
95,000
14,250
80,750
245,000
17,250
227,750
Current Assets
Insurance prepaid
500
Bank
18,000
18,500
Less Current Liabilities
Membership Fees prepaid
1,500
Light and heat due
4,500
6,000
Working Capital
12,500
NET ASSETS
240,250
Financed by:
Accumulated Fund
216,260
Plus Surplus of I over E
23,990
CAPITAL EMPLOYED
240,250