Question

what does the capital does not include?
a.entrance fees
b.building fund
c.legacies
d.life membership fees​

Answer 1

Answer:

d) life membership fees.

Hope So it will help you.

Explanation:

Because capital fund is the difference between assets and liabilities of a not for profit organisation. It consist of surplus, legacies, entrance fees, building fund, donations and capitalised receipts etc.

Answer 2

Answer:

The answer is a. entrance fees.

Explanation:

The answer is a. entrance fees.

"Capital" usually refers to the initial amount of money used to start a business or organization. In the context of an organization such as a club or society, capital would generally refer to the money used to establish and maintain the organization, such as the building, equipment, and other assets.

Entrance fees are typically paid by members upon joining an organization, and are not considered part of the capital. Building fund, legacies, and life membership fees, on the other hand, could be considered part of the capital, depending on how the organization defines its capital.

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