HI
1. In case of Non-Profit Organisation, whether entrance fees have to be capitalised? I mean should they be recorded in Balance-sheet Liabilites side or treated as revenue and Credited to Income & Expenditure A/c
2. Also when should be any income added to Capital/General Fund?
Thanks in Advance
Member ship fees added to Carpus a/c which is liability of Non-Profit Organisation.
O P Bagla & Co LLP
New Delhi
CA Inter
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SMJ global advisors pvt ltd
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T R SOOD & CO
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Rahul Dang & Associates-Chartered Accountants
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CAclubindia
