Education
Provision for Doubtful Student Accounts
Estimating the loss from students who may default on their tuition payments.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Bad Debt Expense (Tuition) | Expense (+) | 2,500.00 | - |
| Allowance for Doubtful Student Accounts | Contra-Asset (+) | - | 2,500.00 |
💡 Accountant's Note
Educational institutions must estimate how many student receivables are at risk, especially those from students who have already withdrawn.
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