sir,
How to do the entries in the following case
our session is started from october 2012 and it will end on october 2013. Some student paid full fee, some paid half fee only and some not paid any couse fee. But my account has to close 31-3-2013 and i am following accural system of accouning.
my question is, whether i should consider all the fee not received till 31-3-13 as an oustanding fee (current assets) or not ?
Hoping your help from your side.
regards.
Yogendra chettri
CAclubindia
