Accountancy, asked by Abhishekyadavjee, 4 months ago

Life membership fees received by a club is

Answers

Answered by shoaibakhtar70

Answer:

please mark brainlest and follow me . Thank you so much dear friend bye

Answered by prity73

Answer:

revenue expence

Explanation:

Life membership fee taken from the club members is a one time fee. Yearly fees is recorded as revenue expense. Life membership need to be shown in balance sheet.

hope it help

Previous Question

Next Question

Similar questions

English, 2 months ago

change the narration from direct to indirect: let us play cricket...

Science, 2 months ago

Describe the function of testes and ovaries. Plz tell the correct answer.

Physics, 2 months ago

applications of applied physics in eelectrotechnology give me answer please...

Science, 4 months ago

which are the forms in which carbon occurs in nature...

Science, 4 months ago

what are the sources of protein...

Social Sciences, 8 months ago

pulp form bamboo is utilized in fine papers and resulting paper is _ than paper of straw pulp.

Geography, 8 months ago

What is the Earth made up of? Why does it look blue from space?

Math, 8 months ago

fhhplace A and B are 100 KM apart on a highway one car starts from A and another from B at the same time if the car travel in the same direction at different speeds they met in 5 hours if they travel towards Each Other they meet in 1 hour what are the speeds of the two car ...