Education
Merit Scholarship — Full Tuition Award
Awarding a 100% tuition scholarship to an academically excellent student.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Scholarship Allowance (Contra-Revenue) | Contra-Revenue (+) | 5,000.00 | - |
| Student Accounts Receivable | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
A full scholarship zeroes out the student's receivable. Revenue is never recognized for the full amount — only net tuition after all allowances is earned revenue.
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