Education
Grant Close-Out — Unspent Funds Returned
Returning the unused balance of a grant to the funder at project completion.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Deferred Research Revenue | Liability (-) | 8,000.00 | - |
| Cash / Bank | Asset (-) | - | 8,000.00 |
💡 Accountant's Note
Grant agreements typically require unspent funds to be returned unless a no-cost extension is approved. The deferred liability is cleared and cash is remitted to the grantor.
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