Small amount of entrance fee is considered as

Related MCQs

• Entrance fee, unless otherwise stated, is treated as—
• The amount of Entrance Fees received regularly by a Not-for Profit Organisation is shown in which of the following:
• 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:
• Entrance fees are generally
• Life membership fee received by a club is: Sol:
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
• Small payments are entered in
• The book that records small payment.