Education
Re-Sit / Repeat Examination Fee
Charging a student for the right to retake a failed examination.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Student Accounts Receivable | Asset (+) | 100.00 | - |
| Examination Fee Revenue | Revenue (+) | - | 100.00 |
💡 Accountant's Note
Re-sit fees compensate the institution for the administrative and faculty cost of re-examining. Revenue is recognized when the student is registered for the re-sit.
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