I am paying School Fees of my child in 05 Feb 2015,in two headings. Tution fees for 1st quarter of next Fy (Apr 15 - Jun 15) Rs 13800, And Other Fees for Whole Year (Apr 15 - Mar 16) = 13500. (Total 27300). What will be entries this year 2014-2015, and next year ?
Menu
School fees journal entry
Replies (2)
FY 14-15
School Fees A/c Dr
Prepaid exp a/c dr
to Bank A/c
FY
School fees exp
to Prepaid exp
Divide it proportionetly on the basis of no of months.
I have a doubt regarding entry for fee received for next month but for same year
Recent Topics :
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
Related Topics :
CAclubindia
