Advance accrual entry

I have a query related to education domain.

Senario 1 - Due Date of Tuition fees for the month of April 2016, is 01-Jan-2016 (fees is taken in advance). What should be the date of Journal voucher where I am debiting the Student Account and crediting Tuition Fees Account? Will it be 01-Apr-2016 or 01-Jan-2016?

Senario 2 - Due date of Tuition fees for the month of April 2016, is 10-Apr-2016. What should be the date of Journal voucher where I am debiting the Student Account and crediting Tuition Fees Account? Will it be 01-Apr-2016 or 10-Apr-2016?

Please help with appropriate solution.

Replies (2)

Scenario1: Journal: Student A/c Dr To Tuition fee income - During the month of Apr

Scenario2: Journal: Student A/c Dr To Tuition fee income - Anytime during the month of Apr because entry date, fee for the month and due date fall within the same month as well as during the same FY

Thanks Poornima

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details