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How to treate school fees expenses


aniket jadhav   09 August 2020

aniket jadhav

 7 points

| My Other Post

a school fees can 84000/-
i pay this through emi -12500/-
how to get entry in accounting?

avater

shirish aurora (article assistant)     09 August 2020

shirish aurora
article assistant 
 1 likes  53 points

View Profile | My Other Post

These are your drawings .

do entry through capital account.

1 Like
avater

Heet Shah (Tax Consultant)     09 August 2020

Heet Shah
Tax Consultant 
 32 likes  1148 points

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Let's say u pay 84000 in 7 installments (12500*7=87500)

Entry should be 

School fees........ Dr12000

Interst....... Dr500(will be calculated using reverse caln)

To cash 12500

1 Like
avater

aniket jadhav   29 August 2020

aniket jadhav

 7 points

View Profile | My Other Post

Thanks for help sir.


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