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Journal Entry for PTEC FY 2023-2024

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28 July 2023 I have recently registered and paid 2500 PTEC on 11/7/2023 for FY 2023-2024.
How can I make journal entry for this transaction?
Can consider it as an expense or liability?
For expense I know to just make entry from bank account to PTEC expense account.

If it is a liability, how to make the entry?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 July 2023 Consider it as expense.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 September 2024 Good Luck.
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