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Question
'Non Recurring nature', 'Lump-sum' and 'once and for all' amount paid as membership fee, instead of paying regular periodic subscription is called ______.
Options
Entrance Fees
Endowment Fund
Life Membership Fees
Revenue Receipt
MCQ
Fill in the Blanks
Solution
'Non Recurring nature', 'Lump-sum' and 'once and for all' amount paid as membership fee, instead of paying regular periodic subscription is called Life Membership Fees.
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Accounting Treatment for Share Capital
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