Revenue recogniation
Querist : Anonymous
Admission fees : 10000 & tuition fees : 50000
Student takes admission on 1/3/11 & pays admission fees Rs. 10,000/-
Balance tuition fees is payable by August 2011.
Please let me know whether in the financial year 2010-2011 whether tuition fees to be recognise as income? if yes why?
Querist : Anonymous
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