Management Fees Expense Journal Entry
Management Fees Expense is an Operating Expense for the company a nd it is paid to management company against the services received by it from managers or directors of the management company on the behalf of owners / shareholders of the company. When it is incurred, the following Journal Entry would be passed in the Book or Journal of the company as shown below: Management Fees Expense a/c XXX Cash a/c XXX (Paid Management To Management Of the Company For The Month) ...