Non-Trading Account

Things to remember

1. Subscription – Income (Income and Expenditure Account)
   • Add: if outstanding current year and advance last year is given
   • Less: if outstanding last year and advance current year is given 
2. General Donations – Income (Income and Expenditure Account)
   • Add: Outstanding donations
   • Less: Capitalized donations
3. Special donations – Capital & Liabilities (Balance Sheet)
4. Legacy: Non recurring receipt – Capital donation (Balance Sheet)
5. Entrance fees/Admission fees/Membership fee – Income (Income and Expenditure Account)
6. Sale of old sports materials, grass, newspaper – Income (Income and Expenditure Account)
7. Purchases of equipment – Assets (Balance Sheet)
8. Honorarium: Regular expenditure – Income and expenditure account
9. Life Membership fee: Capital receipt – Balance Sheet – Liability
10. Maintenance/Normal grants – Income (Income and expenditure) 
11. Development grants – Capital Receipt (Balance Sheet)
12. Sale of old assets – Deduct from assets (Book value)
    • Profit on sale – Income (Income and Expenditure Account)
    • Loss on sale – Expenditure (Income and Expenditure Account)