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what is life membership fee

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what is life membership fee
  • 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.

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

Yogita Ingle 6 years, 3 months ago

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

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