Education
Student Health Insurance (Pass-Through)
Recording the collection of insurance premiums from students to be paid to the provider.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Student Account | Asset (+) | 1,200.00 | - |
| Health Insurance Payable | Liability (+) | - | 1,200.00 |
💡 Accountant's Note
The school acts as an agent. The money is not revenue; it is a liability until it is sent to the insurance company.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.