Question

Life membership fee and endowment fund receipts are in the nature of ______for a not-for -Profit organization​

Answer 1

Answer:

Life membership fee and endowment fund Receipts are in the nature of capital receipts for a not-for-profit organization.

Capital receipts are those receipts which are not of recurring nature, similarly in case of NPO life membership fee is paid once. Also the funds are capitalised too same in the case of endowment fund receipts.