Advance in contract entries

CMA Shilpa somani (CWA final cleared) (93 Points)

01 May 2015  

 

in one contract of 3 years....we have paid full amount of 300000 in advance on 1 oct 2009 for the period of 3 years starting on same day mean 1 oct 2009. what would be entries for this in acounts on 1 oct and on 31 march 2010. and beginning of year 1 april 2010