Question

which should be considered as capital recipt of a club​

Answer 1

Answer:

Life Membership Fees is a capital receipt and we add it to the Capital Fund on the liabilities side of the Balance Sheet

Explanation:

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Answer 2

Answer:

Life Membership Fees. Life Membership Fees is a capital receipt and we add it to the Capital Fund on the liabilities side of the Balance Sheet.

Explanation:

Large receipts are receipts that create debt or reduce financial assets. They also refer to the flow of revenue. Large cash receipts can be non-credit and non-credit receipts. Loans from the general public, foreign governments and the Bank of India (RBI) are an important part of cash receipts.