Accountancy, asked by swadhinpatro7, 9 months ago

What is life member ship fees ?

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Answered by ShaikAbdurrahaman

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.

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What is life member ship fees ?​

Answers

What is life member ship fees ?