Accounting for IGCSE - Video 34 - Clubs and Socieies (Non-profit organisations)

The entire syllabus for IGCSE will be covered through this video series and students can revise using these videos for the forthcoming examination.

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All topics ranging from the basic concepts of accounting to the day books and cash books, bank reconciliation, control accounts, year-end adjustments, financial statements of sole traders, partnerships, limited companies and non-profit organisations, correction of errors and interpretation and analysis using accounting ratios will be covered.

If you wish to give any feedback or have any doubts, feel free to get in touch through Whatsapp on [phone] or through email.

[EdexWorld]

*Watch this example on Clubs and Societies to get complete clarity on concepts:*

[bandt]

thank you so much for making all the videos on youtube for free, I started watching your videos on accruals and prepayment and now I am learning chapter 18 which is clubs and societies, watching your video and learned help me got 92 in my exam thanks alot and keep up with the videos

[lanutella]

tq bro, u are definitely my savior, my result had slowly climb from fail to almost an A by watching ur vids, wish that i can score an A+ after continuous practice in coming IG exam

[JasminIbrahim-lq]

thank you so much posting these videos on youtube for free, you are a savior. I am trying to revise before my igcse and your videos have been so helpful, thank you🙏🙏

[HussainAhmed-uncw]

Aoa sir, will the bad debts of subscription come in the expenditure section ?

[jailnet]

How do i calculate the opening accumulated funds (surplus given and closing accumulated funds not given) for the balance sheet???

[jailnet]

Thanks alot, please show us examples as this would be appreciated. Thanks

[dilshachudasama]

can you share solved examples of this topic it would be great as well the MCQ questions which will help scoring more marks in the final board exams FEB/March 2021

[DaiGua]

Does subscription account is credit nature? Why opening balance(prepaid) is on right side, but with the header of “Payments” 14:47

[classiccatastrophe]

Thank you so much lalith advani sir I passed my ba3 exam just by watching your tutorials thanks a lot

[spexify]

5:41 how did u get c/d of 10800 can u tell the steps sir because i used the closing balance equation iam getting an error

[vineshlogeswaran]

I have a question. Do we need to make adjustments for accruals and prepayments when making a statement of financial position for clubs and societies?

[amnamuhammadkhalid]

Thank you so much, will bank/credit transactions be recorded in receipt and payment account, like a purchase of equipment on credit?

[disconnected]

Hello, I would like to know what to do if for example Annual subscription was $100 till July of a particular year and from the next month there was an increase in the subscription to $150. In that case, should I calculate the subscription based on the old amount or the new amount (Income and expenditure account on the debit side=50 members X ?)?

[amenaqayoom]

Shop wages should be added to Trading account of shop when calculating Gross profit ??