Question

life membership fee is treated as​

Answer 1

Answer:pl mark me brainlist

Explanation:Life Membership Fees is a capital receipt and we add it to the Capital Fund on the liabilities side of the Balance Sheet. We do not account it as an income because a life member makes onetime payment and avails services all through his life.

Answer 2

$\huge\bold{\purple{\fbox {\pink{ANSWER}}}}$

$\implies$Life Membership Fees is a capital receipt and we add it to the Capital Fund on the liabilities side of the Balance Sheet. We do not account it as an income because a life member makes onetime payment and avails services all through his life.

$\bold{\purple{\fbox {\red{Please\:Thank\:it}}}}$

$\bold{\purple{\fbox {\green{Hope\:it\:helps\:you}}}}$

$\bold{\purple{\fbox {\orange{Plz\:mark\:as\:brainliest}}}}$