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Accounting for school

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(Querist)
01 January 2013 While accounting for school student should be taken under which head either Sundry Debotors or someother head.

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CA GAGAN KHARBANDA

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CA GAGAN KHARBANDA (Expert)
02 January 2013 There simple entry ,,you should make.

Cash/Bank Dr. xxxx

To Fee Collection(Income head)xxxx
(Being fees collected for month of ...)
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
16 January 2013 You are talking of fee receivable. This should be taken as Fee Receivales on the assets side of the Balance Sheet




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