Education
Student Transport Fee Collected
Collecting a semester fee from students using the school bus service.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Student Account | Asset (+) | 200.00 | - |
| Deferred Transport Revenue | Liability (+) | - | 200.00 |
💡 Accountant's Note
Transport fees covering the full semester are deferred and recognized monthly as the service is provided. The monthly recognition matches the cost of running the bus service.
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