Colleges and universities will report tuition waivers as either a contra-revenue account or an expense, depending on the purpose for which the waiver is given.

Question

Quizplus · Accepted Answer

Tuition waivers can be reported as a contra-revenue account if they are given as a financial aid or scholarship, or as an expense if they are given as compensation to employees or for other business-related reasons.

Colleges and Universities Will Report Tuition Waivers as Either a Contra-Revenue