Performance Fees Accrual Journal Entry
If Performa nce Fees is not paid in cas h / b a nk b ut it is paid after receivi ng services from investment manager, t he n it is accrued for the period u ntil it is fully paid to investment manager. So, it is a curre nt liab ility of the compa ny to pay to investment manager for t he services re ndered to it. T he adjusti ng entry to record accrued performance fees entry is given b elow: Performa nce Fees a/c XXX Accrued Performa nce Fees a/c XXX ...