Periodical Subscription Life Membership Subscription

Treated as revenue receipts

Some Peculiar Items Subscriptions

Periodical Subscription Life Membership Subscription

Treated as capital receipt and transferred to Life Membership Fund A/c. It will be shown in the Balance sheet till the membership

ceases.

Treated as deferred revenue receipt and transferred to Life Membership Fund A/c. Normal annual subscription will be treated as revenue receipt and transferred out of Life Membership Fund A/c to Income & Expenditure Account. It will be shown in the Balance sheet

till the membership ceases.

Some Peculiar Items Subscriptions

Treated as revenue receipts and thus, are transferred to credit of Income and Expenditure Account.

General Donation and Legacies

Specific Donation and Legacies

Some Peculiar Items Donations and Legacies

Treated as capital receipt and transferred to Special Fund A/c. any income related to such fund is transferred respective fund. Any revenue related to special fund is deducted from respective fund.Expenditure of capital nature should be shown on the asset side of the Balance Sheet and an equal amount will be transferred from Special Fund to Capital Fund.

General Donation and Legacies

Specific Donation and Legacies

Some Peculiar Items Donations and Legacies

Treated as revenue receipts and be transferred to the credit of Income and Expenditure Account.

General Aid Special Aid

Some Peculiar Items Aid from govt.

General Aid Special Aid

Treated as capital receipts and be added to the Capital Fund on the liability side of the Balance Sheet.

Some Peculiar Items Aid from govt.