hI Everyone,
I want to know what are the accounts prepared for Schools?
3 Replies
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 02 June 2012
income & expenditure A/c.
balance sheet
schedules
trial balance
bank reconcilition statement
CA Preeti Agarwal
(article)
(844 Points)
Replied 02 June 2012
RECIPTS:
- Admission fees
- Tuition and other periodic fees
- Transportation fees
- Examination, supplementary exam and other fees
- Donation (capital & revenue)
- Scholarship
- Sports fees and other events (sponsorship and fees)
EXPENSES:
- Salary and wages
- Stationery and other regular expenses
- Transportation exp.
- Affiliation fees
- Scholarship payment
- Prize distribution and other exp.
- ESI, PF and other statutory payments
- TDS and other taxes
- Deduction from salary and payment to specified funds
- Provisions
Assets:
- Fixed assets (Purchase, disposal and may include depreciation)
- Investment (Purchase, disposal, exit policy, limits and restrictions)
- Loans and Advances
- Current assets(Cash, bank, debtors, consumables etc.)
- Other assets
Liabilities:
- Secured Loans
- Unsecured Loans
- Current liabilities
- Other liabilities
Accordingly ledgers may be decided !! of course, bills and copies of other basic vouchers, etc are must !!
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