Accrued Expenses and Other Payables

12 Months Ended

Aug. 31, 2019

Payables and Accruals [Abstract]

Accrued Expenses and Other Payables

7. ACCRUED EXPENSES AND OTHER PAYABLES

	As of August 31,
	2019		2018
Accrued expenses	$	23,088	$	20,092
Deferred rental income		-		24,731
Unearned income		8,889		27,000
Other payable		11,673		5,192
	$	43,650	$	77,015

The Company signed an agreement with a third party whereby the Company authorizes the third party to use the Company’s investment platform and related applications for a period until December 31, 2020. The third party needs to pay an upfront service fee. Additional fee is charged upon the third party’s sale of products on the Company’s mobile application. Unearned income on this contract was $8,889 and $27,000 as of August 31, 2019 and 2018, respectively.