Accrued Expenses and Other Payables

6 Months Ended

Feb. 28, 2019

Payables and Accruals [Abstract]

Accrued Expenses and Other Payables

8. ACCRUED EXPENSES AND OTHER PAYABLES

	Six month ended February 28, 2019		Year ended August 31, 2018
Accrued expenses	$	37,344		50,015
Unearned income		27,000		27,000
	$	64,344		77,015

As of February 28, 2019, the balance $64,344 represented an outstanding payable which included accrued expenses and unearned income. The unearned income is the upfront fee $27,000 which allocated to the whole contract term. The Company signed a service agreement with a third party which acts as agent to promote and sale the investment platform. The third party needs to pay an upfront fee and shares 30% of its profit to the Company. The accrued expenses is the accrued salary expenses.