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Club Accounts JC

Junior Cert Club Theory

TermDefinition
Club Non-profit making organisation, set up to benefit the members e.g. GAA Club
Officers of a Club Chairperson, Secretary, Treasurer
Agenda List of all the items to be discussed at a meeting
Minutes Record of what was said and decided at a meeting (taken by secretary)
Accumulated Fund This is the Capital of a Club - opening assets minus opening liabilities
Accounts of a Club Analysed Cash Book called Receipts and Payments, Income and Expenditure Account, Balance Sheet
AGM Annual General Meeting - held once a year to elect new officers and discuss the previous year
Profit of a Club Excess Income over Expenditure
Loss of a Club Excess Expenditure over Income
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