Question 1 Q: 1 Life membership fees payable to a club or society are usually dealt with by: Options A: Crediting the total received to the income and expenditure account in the year in which they are received B: Debiting the total received to the income and expenditure account in the year in which they are received C: Debiting the total received to a Life Memberships account and transferring a proportion each year to the income and expenditure account D: Crediting the total received to a Life Memberships account and transferring a proportion each year to the income and expenditure account Save Question Show Answer Discussion 0 Clear Discussion Most voted Newest No comments yet. Be the first to comment. Post Be respectful. No spam. Correct Answer: D
