Leaning Online

Advisory Fees Expense In Accounting Advisory Fees Expense is an Expense from the point view of client’s business but from the point of view of company's business, it is a revenue. When the client paid advisory fees to the professional consulting company for getting services, then the following entry is recorded as shown below:                                    (Assuming Client’s Business Paid Advisory Fees Expense Of Rs. 3000)                                                        Advisory Fee Expense a/c  3000                                                                   ...