Advance rent paid for building?

Prepaid paid rent A/C / Debit

Bank or Cash A/C / Credit

Debit prepaid rent and credit bank

Prepaid Rent      Dr

Cash/Bank         Cr

(Rent paid in Advance)

Prepaid Rent Account ( Dr)

    To Cash/ Bank Account (Cr)

Prepaid Rent...........Dr

    TO Cash/Bank

In the current period:

Dr Prepaid Rent 

Cr Bank

Thereby creating an asset.

In the following period:

Dr Rent

Cr Prepaid Rent

Thereby consuming the asset and incurring an expense against our bank account.

Prepaid rent a/c Dr          (Representative personal account)

To Bank / Cash a/c Cr      (Real Account)

(Being XXX month rent paid in advance)

Rules for Personal account:

Debit the receiver 

Credit the giver 

Rules for Real Account:

(Debit what comes in)

(Credit what goes out)

Prepaid Rent A/c DR

To Cash/Bank A/c CR

(For Current period)

On consumption of same

Rent A/C dr

To Prepaid rent A/C Cr

PREPAID RENT A/C DR          CASH OR BANK CR 

advance rent paid for building is our prepaid expenses its underlying assets up to not consumed once the assests has consumed its consder as a expenses