14+ Franchise Fee Journal Entry Strategi. Before you can amortize it, you must determine the correct amount to deduct. No journal entry is made to record the initiation of the lease.
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Due to increasing market entry barriers (especially with regard to franchise contracts and fees. On january 1, 2001 dairy delight, inc. Guide to journal entry examples.
Whereby a debit is posted to the revenue tax the corresponding credit is customarily cash.
If you're talking about something like an account service fee the bank charges you, it would go to an expense account like bank service fees. Basically, it is a the most caution journal used is the general journal; In franchising, a franchisor distributes their entrepreneurial risk to one or more franchisees. The franchise fee covers your initial training, supplies and gives you access to the unique goods or services associated with the franchise.
