Accounts of Sports clubs

Making the accounts of Sport clubs or trust or society is very easy but you should know the way of maintaining it . First of all when you are making the accounts you must classify all the item in to capital and revenue nature . If expenses are in cash , so it must show in receipt and payment accounts , here do not see any nature because this account show all receipt of cash and bank from any source for business . Even if we get money through other person's credit card , then it will be deemed cash receipt . After this you can easily make income and expenditure account . This account shows net income or loss from club , so only all expenses which belongs to this year will send in expenses side of this account .It is not necessary that these are in cash it may also payable also .

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Benefits of Accounting Education in Accounts

1st Benefit
The most important benefit of accounting education is that you will become well educated in the field of accounting. With this you can solve any accounting problem. It is reality that 90% successful businessmen have accounts background. So becoming perfect businessman it is very necessary to learn accounting education.
2nd Benefit
If you have prefect in accounting, you can use your money with effective way. Because you know that what accounts tells you about the current position of your business and how can you change this position with other solution tools of accounting. If you are in the home at accounting, then you will know the inflow and outflow of money and after this you can create the way of changing inflow into outflow and outflow into inflow. This does not mean cheating but it means ability to change fund according to time and place.
3rd Benefit
Accounting Education increases your practical and business maths. Because calculating of profit margin , calculation of cost of goods sold , calculation of balance of different accounts , calculation of different ratios surely increase the calculation ability of any general person.
4th Benefit


Accounting Education gives you the power of estimation about company is under how long in the water of his financial and revenue position. Just apply simple formula you can estimate the financial position of company. That is asset – liabilities = capital if you know and use of this simple formula you can compare two companies. Now you can understand yourself, if you will learn all the matters of accounting, you can easily calculate the length and breathe of financial position of company, after this you can suggest how to make effective structure of company which faces any economy problem.
5th Benefit
It is general saying that a good accountant is always a good manager. He can make good plans for company. Because, pulse rate of company’s financial work is in his hand. All cash inflow and outflow is recorded by him. So if you learn accounting education, you can easily manage your business

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Accounting Education

Accounting Education's future is very bright . If you will become expert in this sector of education , then you can get good earning with respect and honour . What does a person want any more except this . He wants money with honour. Both two things , you can get from accounting Education . But becoming expert in accounting education is not so easy. Just learning of some of the principals of accounting , you can not become expert in accounting education .


Today the age of geographical and international business we should need to study contineusly the new concept of accounting education due to changing situation of different new business . Accounting is practical science , it demands your acceptance and your own work in this practical field of education . Some of great Accounting expert are researching the new techniques of accounting . In this technique not only you will able to record but the technique


> Automatically correct or rectify your accounting mistakes and errors


> Automatically get the interpretation or comment on your accounting work even passing a single entry . What will effect on financial position and what will effect


on profitability of business.


So , All the expert of accounting field should make the future of accounting education more attractive and efficient for new comers of this field

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Accounting Education

Accounting education is an essential part of our education because without such education , we can not calculate our income , our saving and our financial strength . In general , every person of this world need accounting education for maintaining their personal record . This is also called personal book keeping . But when we study the theoretical concept of accounting education , we find different definitions and rules and regulation for proper accounting .
Now let us start What is Accounting Education ?

Accounting Education is combination of two words .

Accounting education = Accounting + Education


Accounting


Accounting is not counting but it is science which is helpful for hunting for the results of business. Accounting is recording , analysis and finalisation of large scale business transactions. Accounting introduces all tools and techniques to solve many or almost every problem of businessmen, factories, Corporations and firms relating to maintaining accounts and different financial reports .

Education

Education is way to get knowledge with scientific method .According to Swami Vivekananda the great philosopher said that it makes us self-confident .It is just use of person’s internal powers . After getting education, person gets moral and professional qualities. After getting education any body can do any professional work. All other persons respect because he is well educated.

Accounting Education

Mixer of both words makes accounting education. Accounting education may be defined as that part of education which provide us the knowledge about accounting terms , journal , ledger , final accounts , analysis and interpretation the result of business . Moreover , this education provide all knowledge of cost calculation and control and it gives different tools for analysis the financial statement . It is very helpful for making business planning . In single line , I say , Accounting is brain of Business , with it business becomes mad and there is no chance to develop it . If you are perfect in this field of education you can easily maintain not only your head office accounts but all the accounts of your all branches. You can maintain the accounts not only your business but you will understand every business like agricultural, industrial and any other service sectoral accounts .Here I want to explain service sector, service sector is a sector where services are being provided by service providers. So professional accountant can easily understand the terms subscription, fees, donation, fund, provident fund, allowance, and gratuity.

Objective of Accounting Education

Almighty has sent us on the earth. What is the objective of sending us on earth? If you do not know then you can not say that there is no any objective of sending us on the earth .Because your thinking of your brain is very limited but God is supreme power who knows the aim of your sending on earth. He wants that you will do any work and make whole world beautiful and wonderful. Like this there are so many objectives of accounting education.

•Accounting education helps you proper utilization of your money and capital.
•It will tell you that you are getting high rate of investment or not.
•What is your earning per share .
•It will help you to making planning, policies. Proper accounting education if you will get from our accounting expert , you will become not only accounts manager but also professional Scholar in the field of accounting education. Because today, different concepts, principals of different area are changing. In this changing environment, accountant will have to adjust.
•If you will not get these new and technical knowledge in the field of accounting, then you will fail in the field of accounting .These days duty of accountant is not limited up to voucher entries in computer. But they have to decide proper utilization of the capital and saving non useful expenditures.

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