Life Membership Fee Accounting Treatment in NPO Class 12 Accountancy

Are you looking for the accounting treatment of the Life Membership Fee in the financial statement of the NPO organisation class 12 CBSE, ISC and State Board.

See, Life Membership is considered as the Capital receipts as it is a one-time payment and a big amount.

Hence it is added to the Capital Fund at the liabilities side of the Current year Balance Sheet.

How to record Life Membership Fee in financial statements of NPO Class 12 Accountancy

Here is the video lecture I have prepared for you

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