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  • Partnership and Not-for-Profit Accounting
  • Life membership fee is
Multiple choice

Life membership fee is

  1. added to income

  2. added to investment

  3. added to capital fund

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is of non-recurring nature and the members will take advantage of the services provided throughout his life.

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