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CA Foundation doubt

Why the entrance fee and honorarium to secetary comes to the balance sheet

Image attached to the doubt: Why the entrance fee and honorarium to secetary comes to the balance sheet

Asked by Manju9 Nov 2024352 views

3 answers

  1. Abha · 13 Nov 2024

    I think in the adjustments they may have mentioned that the entrance fees are to be capitalised please show the question also

  2. Manju · 9 Nov 2024

    But entrance fee normally seen in expense side

  3. Resham · 9 Nov 2024

    Because it is liability

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