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How will you deal with the Entrance Fees while preparing the final accounts of New Delhi Sports Club for the year ended 31stMarch, 2011 in each of the following cases : Case I . During the year 2010-11. Entrance Fees received Rs.1,20,000. Case 2. During the year 2010-11, Entrance Fees received Rs.1,20,000. It is the policy of the club to treat the Entrance Fees as 'Revenue Receipt. Case 3. Is in the answer. To be continued.?
Most Upvoted Answer
How will you deal with the Entrance Fees while preparing the final acc...
Case 3. During the year 2010-I l, Entrance Fees received Rs.1,20,000. It is the policy of the
club to treat the Entrance Fees as 'Capital Receipt'.
Case 4. During the year 2010-11, Entrance Fees received Rs.1,20,000. Accordingto the policy
of the club, 30% of the Entrance Fees is to be capitalized
Community Answer
How will you deal with the Entrance Fees while preparing the final acc...
Entrance fees of 120000 will be debited on receipts and payments account. In the income and expenditure account it will be on the income side... but only those amount which is treated as their revenue will be recorded in the income and expenditure account.
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How will you deal with the Entrance Fees while preparing the final accounts of New Delhi Sports Club for the year ended 31stMarch, 2011 in each of the following cases : Case I . During the year 2010-11. Entrance Fees received Rs.1,20,000. Case 2. During the year 2010-11, Entrance Fees received Rs.1,20,000. It is the policy of the club to treat the Entrance Fees as 'Revenue Receipt. Case 3. Is in the answer. To be continued.?
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How will you deal with the Entrance Fees while preparing the final accounts of New Delhi Sports Club for the year ended 31stMarch, 2011 in each of the following cases : Case I . During the year 2010-11. Entrance Fees received Rs.1,20,000. Case 2. During the year 2010-11, Entrance Fees received Rs.1,20,000. It is the policy of the club to treat the Entrance Fees as 'Revenue Receipt. Case 3. Is in the answer. To be continued.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How will you deal with the Entrance Fees while preparing the final accounts of New Delhi Sports Club for the year ended 31stMarch, 2011 in each of the following cases : Case I . During the year 2010-11. Entrance Fees received Rs.1,20,000. Case 2. During the year 2010-11, Entrance Fees received Rs.1,20,000. It is the policy of the club to treat the Entrance Fees as 'Revenue Receipt. Case 3. Is in the answer. To be continued.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How will you deal with the Entrance Fees while preparing the final accounts of New Delhi Sports Club for the year ended 31stMarch, 2011 in each of the following cases : Case I . During the year 2010-11. Entrance Fees received Rs.1,20,000. Case 2. During the year 2010-11, Entrance Fees received Rs.1,20,000. It is the policy of the club to treat the Entrance Fees as 'Revenue Receipt. Case 3. Is in the answer. To be continued.?.
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