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

Journal Entries
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Question added by Muhammad Ilyas , Assistant Accountant , Kabi International Travel & Tourism (Pvt.) Ltd
Date Posted: 2016/09/03
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Keerthy Ranjith
by Keerthy Ranjith , Accountant , TYCO Electronics Middle East FZE (TE Connectivity),

Prepaid Expense Debit

To Cash Credit

MAGDY ALKAWAS
by MAGDY ALKAWAS , ACCOUNTANT , MAADAWY GROUP

cash debit 

revenues in advance credit 

 

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