AOP - ACCOUNTS

How to maintanence of AOP(Welfare association) accounts!?
Replies (4)
Quick Summary
This discussion provides guidance on maintaining accounts for an Association of Persons (AOP), specifically for welfare associations. It outlines the necessary ledgers and registers, such as cash books, journals, and membership registers, along with the key financial statements to prepare, including the Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet. The advice also clarifies that an AOP does not necessarily have to be a trust and can operate differently.

AOP is non profit organization , so you have to maintain

1) Cash Book
2) Journal
3) Larger
4) Subscripttion registered
5) Donation registered
6) property register
7) Member ship register
8) Bank Book
Etc .


You have to prepare
1) Receipts and payment Account ,
2) Income and Expenditure
3) Balance sheet .
Thank you very much Ji.
Contact to near by CA office , he will guide you .
AOP NEED NOT BE A TRUST.AOP CAN FUNCTION IN A DIFFERENT WAY.

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