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A non-profit organization received Rs.10,000 as …

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A non-profit organization received Rs.10,000 as the entrance fee of a new member. If 20% of the fee has to be capitalized, what is the amount of fee needs to be shown in the income and expenditure account?

    • Posted by Radha Yadav 5 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Khushi Gupta 5 years, 10 months ago

    Cr. To I/E a/c by 8000

    0Thank You

    Vivek Kumar Pandey 5 years, 10 months ago

    Income and expenditure account should be shown by 8000

    0Thank You

    M. Praga Thesh 5 years, 10 months ago

    8000

    0Thank You

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