In a university,class cancellation refunds of tuition and fees should be recorded as:
I.a reduction of revenue from tuition and fees.
II.a reduction of accounts receivable.
A)I only
B)II only
C)Either I or II
D)Neither I nor II

Question

Quizplus · Accepted Answer

Class cancellation refunds should be recorded as a reduction of revenue from tuition and fees because they decrease the total income the university expected to receive from its services.

In a University,class Cancellation Refunds of Tuition and Fees Should