Life Membership Fee Accounting Treatment in NPO Class 12 Accountancy

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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

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