What can be classified as Revenue receipts & revenue expenditure?
Revenue receipts |
Revenue expenditure |
|
Subscription Competition fees Income from Socials Rental fees Donation (if not capitalized) Proceeds from fund-raising projects (not capitalized) Interest on bank deposits Receipts from sale of food in club restaurant |
Entertainment expenses Rent of club premises Competition prizes Cost of fund raising projects Repairs and maintenance of property Sundry expenses to run the activities of club Staff wages Postage & Stationery expenses Electricity and water expenses Depreciation |
What can be classified as Capital receipts and Capital Expenditure?
Capital receipts |
Capital Expenditure |
|
Legacies Building funds Entrance fees Life membership fees (if capitalized) |
Purchase of fixed assets |
