Education
Graduation Ceremony — Income and Direct Costs
Recording ticket sales for the graduation ceremony and the associated event costs.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 15,000.00 | - |
| Graduation Ceremony Revenue | Revenue (+) | - | 15,000.00 |
| Graduation Ceremony Expense | Expense (+) | 22,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 22,000.00 |
💡 Accountant's Note
Graduation ceremonies are significant institutional events that often run at a net cost. Income from ticket sales, gown hire, and photography is offset against venue, catering, and logistics costs.
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