Why Entrance fees and Life membership fees are treated as liability in NPO

Question

Gourab · Answer

Life membership is non recurring by nature so it is treated as a liability. Entrance fee is by members while entering in npo it may be recurring when more member joins but it is treated as liability because entrance fee is paid by one person at one time

Chiku · Answer

Life membership fees ka meaning hi hai life time service provide karna hoga to isme member ek baar hi pure lifetime ka membership le leta iska mtlb hume future me bhi usko service provide krna hoga

Ravina · Answer

Life membership jb member join krta h tv membership fee le li jati h jisse npo ko uske badle service deni padegi to lisiliye liability ke trah treat kiya jata h.......

Why Entrance fees and Life membership fees are treated as liability in NPO

3 answers

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