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 ?
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.
CA Suraj Garg & Associates
New Delhi
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HKC | Chartered Accountants & Business Advisors
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