Education
Athletic Season Ticket Sales (Deferred)
Recording the sale of tickets for a sports season that has not yet started.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 2,000.00 | - |
| Deferred Athletic Revenue | Liability (+) | - | 2,000.00 |
💡 Accountant's Note
Just like tuition, ticket sales for football or basketball seasons are liabilities until the games are actually played.
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