Education
Tuition Instalment — Subsequent Monthly Payment
Recording the second and subsequent monthly instalment payments from a student on a payment plan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 833.00 | - |
| Student Accounts Receivable | Asset (-) | - | 833.00 |
💡 Accountant's Note
Each instalment reduces the outstanding receivable. If a student misses a payment, the institution may charge a late fee or suspend enrolment per its credit policy.
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