Question

a non profit organization received 10000 as a entrance fee of a new member . if 20%of the fee has to be capitalized ,what is the amount is needed to be shown in income and expenditures account​

Answer 1

Given that,

A non profit organisation received 1000

and 20 percent of fee has to capitalized According to question

10000*20/100

= 2000

so,10000-52000=8000

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