Education
Application Fee — Non-Refundable
Recording an application processing fee paid by a prospective student.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 75.00 | - |
| Application Fee Revenue | Revenue (+) | - | 75.00 |
💡 Accountant's Note
Non-refundable application fees are recognized immediately upon receipt — the performance obligation (processing the application) is satisfied when the fee is paid.
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