Life Membership Fee Accounting Treatment in NPO Class 12 Accountancy

Ask Your doubt on Whatsapp

Are you looking for the accounting treatment of Life Membership Fee in financial statement of NPO organisation. 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 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

Share your love
Default image
Anurag Pathak
Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.
Articles: 658

Leave a Reply

close
error: Content is protected !!