How should cash received as deposit by a univesity from students be treated accounting wise?


cash
fungirl asked:


Should yield to the customer and undeserved cash. But it should go to a client of limited cash? The university can mix client funds in a cash-General? CPA meet only …. Thanks.

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  1. #1 by victor m at December 30th, 2008

    Cash if you consider it as general cash if you can take the only time you can be redeemed or withdrawn then the conservative route of placing restriction on the use it as an unearned revenue then thats the university may definitely use it.

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