Entrance fees are generally

Related MCQs

• The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.
• Entrance fees, unless otherwise stated, is treated as: Sol:
• The amount of Entrance Fees received regularly by a Not-for Profit Organisation is shown in which of the following:
• Life membership fees received by a club is treated as
• A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case
• The fees received from life members is not a periodic subscription, hence are to be capitalized
• Life Membership Fees received by a club is shown in : Sol:
• Small amount of entrance fee is considered as
• Entrance fee, unless otherwise stated, is treated as—
• A charge created not on specific assets but generally on all assets is known as………….