Non-Profit
Fundraising Gala — Ticket Sales Collected
Recording advance ticket sales for an annual fundraising gala.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 15,000.00 | - |
| Deferred Event Revenue (Tickets) | Liability (+) | - | 15,000.00 |
💡 Accountant's Note
Ticket sales before the event are deferred — the performance obligation (providing the event experience) has not yet been met. Revenue is recognized on the night of the event.
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