How is Entrance Fees dealt with while preparing the final accounts for the year ended 31st March 2019 in each of the following alternative cases ? Cas

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How is Entrance Fees dealt with while preparing the final accounts for the year ended 31st March 2019 in each of the following alternative cases ?
Case I During the year ended 31st March 2019 Entrance Fees received was Rs. 1,00,000.
Case II. During the year ended 31st March 2019 Entrance Fees received was Rs. 1,00,000 . Out of this Rs. 25,000 was received from individuals whose membership is not yet approved.


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Salim Ahmed Kawsar

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Case I Entrance Fees credited to Income and Expenditure Account ,Rs. 1,00,000.
Case II. Entrance Fees credited to Income and Expenditure Account , Rs. 75,000, Rs. 25,000 will be shown on the liabilities side of the Balance Sheet.

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