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Accounting entry for seminar fees

Accounting Entries 3152 views 1 replies

My company is conducting an event for School students and we collect the fees from participants one month in advance.We also incur various expenses like venue charges, food expenses etc. My doubt is what entries I should pass in books of accounts to account the same.

Please let me know urgently.

 

Replies (1)
You ll create Seminar Charges Received (Under Indirect Income)...

Also the same way and prepare the other charges received by You.

If You are received advance then prepare the advance in the Name of Students...


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