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picture1_Business Ppt Templates 72407 | Slides1


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File: Business Ppt Templates 72407 | Slides1
preparation of final accounts recap what have we learnt sole partnership proprietorship see sole trading profit proprietorship loss account profit loss appropriation a c balance sheet interest on drawings interest ...

icon picture PPT Filetype Power Point PPT | Posted on 31 Aug 2022 | 3 years ago
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   Preparation of Final Accounts
               Recap: What have we learnt ?
       Sole                        Partnership
        Proprietorship                – (see sole 
         – Trading & Profit &           proprietorship)
           Loss Account               – Profit & Loss & 
                                        Appropriation A/c
         – Balance Sheet                 • Interest on 
                                           drawings
                                         • Interest on capital
                                         • Salary
                                         • Share of profits
                                      – Balance Sheet
                                         • Capital A/c
                                         • Current A/c
          What do they have in 
                     common?
        They are business organisations:
           – involved in trading activities, ie. the 
             buying & selling of goods or services
           – operate solely to make a profit for 
             their owners
                                 
    Topic for Today … …
     Clubs & Societies
      Clubs & Societies
                               
         
            Lesson Objectives
     At the end of the lesson, you 
       should be able to:
       – state the difference between a 
         trading and non-trading organisation
       – distinguish between the different 
         accounts kept by a trading and non-
         trading organisation
                               
         
      Non-Trading Organisations
       What are they?
          Clubs, societies and associations
          formed to cater and promote
          the sporting, cultural and recreational 
           interests of its members.
     They are not formed with 
     the purpose of making 
     profits. 
                                   
          
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...Preparation of final accounts recap what have we learnt sole partnership proprietorship see trading profit loss account appropriation a c balance sheet interest on drawings capital salary share profits current do they in common are business organisations involved activities ie the buying selling goods or services operate solely to make for their owners topic today clubs societies lesson objectives at end you should be able state difference between and non organisation distinguish different kept by associations formed cater promote sporting cultural recreational interests its members not with purpose making...

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