Education
Performance-Based Government Funding
Recording revenue earned only after achieving specific educational outcomes (e.g., graduation rates).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Grant Receivable | Asset (+) | 50,000.00 | - |
| Grant Revenue (Earned) | Revenue (+) | - | 50,000.00 |
💡 Accountant's Note
Many modern state/government grants are 'outcomes-based.' You only record the revenue once the milestone (e.g., 90% student retention) is officially certified.
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