Education
Non-Refundable Admission/Registration Fee
Recording the immediate revenue from application or registration fees.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 150.00 | - |
| Admission Fee Revenue | Revenue (+) | - | 150.00 |
💡 Accountant's Note
Since these fees are usually non-refundable and not tied to the teaching period, they are recognized as revenue when the student applies.
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