122. COMPOSITE BALANCE—simply
bring the ,134.55 forward from the previous
line.
The
ROMAN
CATHOLIC
ACCOUNT
BALANCE (
||content||
,880.37), the PROTESTANT
ACCOUNT BALANCE (,254.18), and the
COMPOSITE BALANCE (,134.55) are the
only figures that need to be carried forward to
September since all receipts and expenditures
have already been added and subtracted from
the accounts as they occurred during the month.
SUMMARY
In this chapter, the accounting cycle for 1
full month for a Command Religious Program
chapel funf has been explained. Figure II-4-63
shows a completed Receipts and Expenditures
Record for the transactions that were explained
in this chapter. Keep in mind that chapel fund
accounting is not difficult, but it does involve
close scrutiny from the command chaplain,
chapel fund administrator, and the individual
account custodians at all times.
The next chapter covers the accounting pro-
cedures for September and October and will
involve basically the same format as this
chapter. However, not as much detail will be
given for individual transactions. Also, a
number of new forms will be introduced to illus-
trate how to submit required data for quarterly
and yearly summations of chapel fund financial
transactions.
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