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what is life membership fee

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what is life membership fee

    • Posted by Aishwarya Gupta 6 years, 3 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Shifa Ansari 6 years, 3 months ago

    Order to become the member of an organisation for whole of the life some members pay the fee for once in their lofe time.It is non recurring in nature and shown in liability side of a balance sheet.

    1Thank You

    Harsh Malik 6 years, 3 months ago

    A life member ship fees is that fees when we enter into a company wanted to become a life time member so we have to give that fees

    1Thank You

    Yogita Ingle 6 years, 3 months ago

    A life membership fee received by a Club is shown in Balance sheet.

    1Thank You

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