Accountancy, asked by rawatmahendra140, 4 months ago

life member ship fee received by NPO is accounted as.

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Answered by jitendrachaurasiya13

The amount received may be taken as capital receipt and credited to Life membership account which will be shown on the liabilities side of the balance sheet.

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life member ship fee received by NPO is accounted as. ​

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life member ship fee received by NPO is accounted as.