Accounting Transaction ?

Dear All

I am working as Accounts Executive one of Fitness Studio usually your are selling  packages like , Aerobics 1months, 3months, 6months and 1 year packages, but now we are going to sale Aerobics life time Package to our regular Client as per Accounts how can i book  entry to them ?

Replies (1)

account it as your income when you have received it. You cannot anticipate a life time of a member.. so account it in the year of receipt itself. Do not defer it. Thats my opinion.

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