When a student paid his annual fees in advance, then what journal entry is made?

Question added by Muhammad Ilyas , Assistant Accountant , Kabi International Travel & Tourism (Pvt.) Ltd
Date Posted: 2016/09/03

Upvote (0) Views (6) Followers (2) Answers (2) Report Question

by Keerthy Ranjith , Accountant , TYCO Electronics Middle East FZE (TE Connectivity),

Prepaid Expense Debit

To Cash Credit

by MAGDY ALKAWAS , ACCOUNTANT , MAADAWY GROUP

cash debit

revenues in advance credit

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