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What is 'Entrance Fees' ? - Book Keeping and Accountancy

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Question

What is 'entrance fees' ?

Solution

Entrance fees is paid by those persons who wish to become a member of the organisation. 

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.1.2 | 1.00 mark
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What is 'Entrance Fees' ? Concept: Additional Information - Capitalisation of Entrance Fees.
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