Club Accounts

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Across
  1. 2. Stands for Annual General Meeting.
  2. 3. They are the record of a meeting.
  3. 6. This is when the club’s income is less than its expenditure.
  4. 8. Presents a financial account of the clubs activities at the AGM.
  5. 9. When a club’s income is greater that its expenditure.
  6. 11. Paid annually by members.
  7. 12. The amount earned by the club, but only during this year.
  8. 13. An amount owed by the club.
  9. 14. An example of a fixed asset.
  10. 15. This means Net Book Value.
  11. 16. The type of account that will be done for the club’s shop or bar.
  12. 17. The value of stock left over at the end of the year
  13. 19. The reason why an asset may depreciate.
Down
  1. 1. Refers to all the money being received.
  2. 2. Something of value owned by the club.
  3. 4. When “subscriptions prepaid” is listed in the notes it will __________ the subscriptions income.
  4. 5. The amount paid out for club expenses, but only for this year.
  5. 6. This refers to the falling value of a fixed asset
  6. 7. When “wages due” is listed in the notes it will __________ the wages expense.
  7. 9. The person that keeps a record of the meetings
  8. 10. This is the fund calculated by subtracting assets from liabilities.
  9. 14. Usually The first item under receipts in the Receipts and Payments
  10. 18. The value of stock held at the end of the accounting period.