Education
Sports / Athletic Scholarship (Grant-in-Aid)
Recording a full athletic scholarship covering tuition, housing, and meal plan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Athletic Grant-in-Aid Expense | Expense (+) | 12,000.00 | - |
| Student Accounts Receivable (Tuition) | Asset (-) | - | 7,000.00 |
| Deferred Housing Revenue | Liability (-) | 3,000.00 | - |
| Deferred Dining Revenue | Liability (-) | 2,000.00 | - |
💡 Accountant's Note
Athletic scholarships cover multiple charges. The full cost is an athletic department expense. Each charged component — tuition, housing, dining — is offset against the respective revenue or receivable account.
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