Question

how to capitalise entrance fees

Answer 1

Answer:

the answer is 9 bro

not sure

Answer 2

Answer:

The correct answer is adding the fees to funds of capital.

Explanation:

An Entrance fees is defined as the concept of receiving an amount from a new kind of member when compared to the annual subscribers.

It is mainly available in Revenues or Capitalization. We find expense fees in the credit side of an account of Expenditure and Income.

The entrance fees covers the following expenses spent on housekeeping, meals, activities and utilities.

The format of calculating is as follows:

1. In the left hand side is the filled with entry of expenditures and the amount spend a two columns in created.

2. In the right hand side, it is filled with entry of Income that is gained and the amount gained and two columns are created.

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