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Life membership fee of non-trading concern is:

+2 votes

asked Mar 30, 2019 in Class 12 by kratos

Life membership fee of non-trading concern is:

(a) Capital Receipt

(b) Revenue Receipt

(c) Both a and b

(d) of these

cbse
accounts of not for profit concerns
accounts of not-for-profit organisation
class-12
accounting for not for profit organisation

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1 Answer

+2 votes

answered Mar 8, 2020 by kratos

Best answer

Life membership fee of non-trading concern is Capital Receipt

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