Accounting

This query is : Resolved 

18 April 2011 how to account for lifetime membership income received by a club?

18 April 2011 deferred and amortized over the life.

18 April 2011 How the life will be calculated


18 April 2011 reasonable time should be taken.

19 April 2011 but what is the definition of reasonable time

19 April 2011 its depands on facts and circumstances. its relates to case to case.
for more information refer AS-26.



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