Accounts of schools

hI Everyone,

 

I want to know what are the accounts prepared for Schools?

Replies (3)
income & expenditure A/c. balance sheet schedules trial balance bank reconcilition statement

 

RECIPTS:

  1. Admission fees
  2. Tuition and other periodic fees
  3. Transportation fees
  4. Examination, supplementary exam and other fees
  5. Donation (capital & revenue)
  6. Scholarship
  7. Sports fees and other events (sponsorship and fees)

EXPENSES:

  1. Salary and wages
  2. Stationery and other regular expenses
  3. Transportation exp.
  4. Affiliation fees
  5. Scholarship payment
  6. Prize distribution and other exp.
  7. ESI, PF and other statutory payments
  8. TDS and other taxes
  9. Deduction from salary and payment to specified funds
  10. Provisions

Assets:

  1. Fixed assets (Purchase, disposal and may include depreciation)
  2. Investment (Purchase, disposal, exit policy, limits and restrictions)
  3. Loans and Advances
  4. Current assets(Cash, bank, debtors, consumables etc.)
  5. Other assets

Liabilities:

  1. Secured Loans
  2. Unsecured Loans
  3. Current liabilities
  4. Other liabilities

Accordingly ledgers may be decided !! of course, bills and copies of other basic vouchers, etc are must !!

good work Preeti !!

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