The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'. | Faculties

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Gopal Sharma

🎓 Tutor III ⭐ 38.32K Points

📊 Financial Accounting

Q. The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.

(A) True
(B) False
(C) none
(D) all

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✅ Correct Answer: (B) False

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