Membership fees
This query is : Resolved
14 November 2014
Sir/Mam, I have a query that if a person submitted membership fees in a club for rs 100000 n get it's benefit for next 25 yrs then what will be the accounting treatment and tax treatment for recognition of revenue for club. plz reply as soon as possible
14 November 2014
Most of the clubs follow CASH system of accounting. If any one is following MERCANTILE, then proportionate revenue will be offered each year.
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