Dear All,
Plz. look into the matter.
Suppose We r running a institute. Part time professional course. duration 1 year. ok
Fee plan are = one time plan having amount of rs. 50,000/-
Installment plan= 10000/- at the time of Admission
Five equal monthly installments of Rs. 8000/-
Suppose we got five admission in april month with Rs. 50,000/- ie: april income was rs. 50000/-
then, 10000*5= 50000/- rs. installment received in May month similarly 50,000/- in june.
So, how to show these entries in books and what will be the entries???????
CAclubindia
