Education
Transfer to Debt Service Reserve Fund (DSRF)
Setting aside cash as required by a bank or bond covenant for future loan payments.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Restricted Cash (Debt Service) | Asset (+) | 10,000.00 | - |
| Cash (Unrestricted) | Asset (-) | - | 10,000.00 |
💡 Accountant's Note
Lenders often require schools to keep one year of mortgage payments in a separate, 'untouchable' account as collateral.
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