Are You looking for the solution of Question number 3 NPO chapter page number 1.76 DK Goyal book 2021-22 edition? I have solved this question and have provided its solution in both text and video format.
Question number 3 of the NPO chapter page number 1.76 of DK Goyal is a practical question where You have to show the treatment of Entrance fees in various cases.
Solution of Question number 3 page 1.76 of NPO Chapter DK Goyal Book 2021-22 Edition.
Here is the solution of cases of this question.
Case – I
Case – II
Case – III
Case – IV
Note:- This question is of old syllabus. in 2021 Entrance fees has to be considered as revenue receipts strictly and has to be recorded in income and expenditure account as income.
No treatment of Entrance fees is allowed as capital receipt according to the syllabus of CBSE Board 2021-22.