Revenue Recognition in a Club / Member busines

I would like to have the views of professionals regarding how the revene is recognised in the club membership and other similar industry. For example a 10 years membership of club is offerred to the customer at Rs.500000. Out of this Rs.100000 is payable in advance and balance Rs.400000 is payable in 24 emis. On final payment the members would be entitled to use the services of club with the nominal payment of annual maintenance fees. My question is how the revenue is recognised in such type of setup and what accounting entry is passed at different stages.