Advisory Fees Received Journal Entry
Advisory Fees Received Meaning In Accounting Advisory fees in accounting means that a professional consulting company provides advice services related to financial and investment matters to it clients against the specified fees. For example, a real estate agent charges fees from its clieent in buying, selling or renting a house. Such fee is known as Real Estate Advisory Fee. When advisory fees received for cash or bank (through check / cheque), then the following journal entry is recorded as shown below: Advisory Fess Earned Journal Entry / Advisory Fess Received Journal Entry Cash a/c / Bank a/c XXX ...