Question

explain the accounting treatment of admission fee?​

Answer 1

Explanation:

Entrance Fees or Admission Fees is the amount that a person pays at the time of becoming a member of a Not-for-Profit Organization. It is a revenue receipt. Therefore, we account it as an income and credit it to Income and Expenditure Account...

Hope it helps uh!!! ⤴⤴⤴⤴⤴

Answer 2

Qᴜᴇꜱᴛɪᴏɴ :

❥ Explain the accounting treatment of admission fee ?

ᴀɴsᴡᴇʀ :

➩ Entrance and Admission Fees

Entrance Fees or Admission Fees is the amount that a person pays at the time of becoming a member of a Not-for-Profit Organization. It is a revenue receipt. Therefore, we account it as an income and credit it to Income and Expenditure Account.

Hope it helps uhh !! ♥