Education
PTA / Booster Club Agency Transaction
Recording funds raised by a parent organization that are held by the school as an intermediary.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash (Restricted) | Asset (+) | 1,000.00 | - |
| Due to PTA / Booster Organizations | Liability (+) | - | 1,000.00 |
💡 Accountant's Note
Parent-Teacher Associations are often separate legal entities. The school holds their cash in a liability account until the PTA instructs the school to pay a vendor.
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