Treatment of Admission fees and Entrance fees in NPO Class 12 Accountancy

Ask Your doubt on Whatsapp

Are you looking for the accounting treatment of Admission fees and Entrance fees in NPO organisation class 12 Accountancy? Entrance and Admission fees both are treated as revenue receipts.

It is recorded in receipts and payments account as receipts on the cash basis of accounting. It is also recorded as revenue income in Income and expenditure account on accrual basis of accounting after adjusting accrued and prepaid income if given.

Accounting treatment of Admission and Entrance Fees in NPO Class 12 Accountancy

Here is the video lecture I prepared to explain how to record both admission and entrance fees in income and expenditure account and receipts and payments account.

Share your love
Default image
Anurag Pathak
Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.
Articles: 659

Leave a Reply

close
error: Content is protected !!