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School fees entry

A/c entries 23576 views 5 replies

i am working in a school in which i am receiving fees in bank through students in different heads like tution fee, annual fund, journal fund etc. for example a student has paid Rs. 7500/- for a quarter (April to June) in this 2000/- is admission fee, 2500/- is tution fee, 1000/- annual fee, 1000/- building fund fee, 1000/- journal fund fee. how we can do the entry?

Replies (5)
Quick Summary
Record school fees by debiting Bank or Cash with total amount received and crediting separate income heads such as tuition fee, admission fee, annual fee, building fund, and journal fund. Concessions can be posted to separate discount or concession accounts.

Bank/Cash A/C     Dr. 7500

      Tution Fee      A/C             2500

      Admission fee A/C             2000

      Annual fee      A/C             1000

      Building fund   A/C             1000

     Journal fund      A/C            10000

hi sir/madam

 this Meena from Bangalore, I worked in school now, I want to learn tally for school management kindly anyone guides me .this my mail id Meenurithisha @ gmail.com send me the PDF or MS ward type.

thanks and regards,

Meena 

 

 

 

I have a fee receipt of 1800 How to do it's journal entry

 

Anyone can help me with accounting.

1. James is paying 10,000 (Tution and Development) for school fee payment

2. Cash account should show receiving of 10,000

3. Fee head for tution should show 5000

4. Fee head for development should show 5000

5. James account should show that he has paid 10,000

Ledger entry should be double

  1. Tution Fee-6000
  2. Development Fee-6000
  3. James is paying 10,000 (Tution and Development -2000 concession) for school fee payment
  4. Cash account should show receiving of 10,000
  5. Fee head for tution should show 5000
    1. 1000 tution fee concession applied to parent
  6. Fee head for development should show 5000
    1. 1000 development fee concession applied to parent
  7. James account should show that he has paid 10,000
  8. Tution fee concession should show 1000
  9. Development fee concession should show 1000

Ledger entry should be double


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