29 June 2010
I have a query pl. read it carefully: A institute is providing some kind of Training & vocational services to students and charging fee from them as follows:
At the time of Registration they are charging: 1000/-Rs. per student (suppose it happens on 25th of april)
At the time of admission: 10000/- Rs. per student (suppose it happens on 15th of May)
On first class: 15000/-Rs. per student (Received on 1st June)(from here the student will get start services)
Then Rs. 10000/- on 5th of every month (in 10 installments)
What would be the accounting entries for each of above mentioned? Income for APril & May month???
CAclubindia
