We have signed a 2 year training program for $20,000. One identifiable element for the program is Russian Translation, for $ 5000 which is a flat fee. Total Contract $ 25000. Should the entire $25k be coded to Prepaid, or only $ 20K?
Accounting for Prepaid
Answers
Is $5,000 for Russian translation service a one time service or it will be utilized over a period of 2 years. If, the translation service to be used for 2 years, entire $25,000 should be coded to prepaid!
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Accounting