Life membership fee is a ________________.

Revenue nature receipt

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Capital nature receipt

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Revenue nature expenditure

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Capital nature expenditure.

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Solution

The correct option is B Capital nature receipt
50% of the membership fee of the Life Membership Culture, and literature or in any other field of different nature, or to any other person. On receipt of application Form 'A' for membership, the same will be.

Suggest Corrections

List-I	List-II
I. Carriage charges a new machine purchased for factory	(a) Revenue receipt
II. Legal expenses incurred in defending a case of violation of a provision of Factories Act	(b) Revenue expenditure
III. Grant-in-aid received from the Government for the construction of a building	(c) Deferred revenue expenditure
IV. Amount received for a part of the office building sublet	(d) Capital expenditure
	(e) Capital receipt