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

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Question ajoutée par Muhammad Ilyas , Assistant Accountant , Kabi International Travel & Tourism (Pvt.) Ltd
Date de publication: 2016/09/03

Apprécier (0) Vues (6) Suiveurs (2) Réponses (2) Report Question

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

Prepaid Expense Debit

To Cash Credit

par MAGDY ALKAWAS , ACCOUNTANT , MAADAWY GROUP

cash debit

revenues in advance credit

What is the purpose of Journal Entries?
Top Answer: Journal entries provide foundational information for all other financial reports and are used by audito ... Voir Plus

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When are we using journal entries on bank reconciliation?
Top Answer: For adjusting entries we pass the journal entries in BR, eg:- Bank service charge for maintaining the acc ... Voir Plus

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What is the Financial lease & Capital Lease. What will be the journal entry for financial lease. Thanks?
Top Answer: Finance Lease is expressed as an agreement wherein the lessor receives lease payments for the covering of ... Voir Plus

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What are the process & steps of making a journal entry?
Top Answer: I agree with MR Mohammed 'answer Voir Plus

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