Education
Legal & Professional Advisory Fees
Paying legal counsel for employment matters, contract reviews, and regulatory compliance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Legal & Professional Fees | Expense (+) | 5,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 5,000.00 |
💡 Accountant's Note
Legal fees are a general administrative expense. Fees directly related to a specific project (construction contract, grant agreement) may be capitalized into that project's cost.
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