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

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

Correct Answer: False

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Financial Accounting MCQ: The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'. | Extra Education