Accountancy, asked by abhilashayup, 4 months ago

commission received in advance meaning

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Answered by sunamiagarwal

Answer:

it means the bribe has already been taken

Answered by Karitika

Explanation:

unearned income

Commission received in advance is unearned income. Unearned income is defined as income not due but recieved. Till the time, it accrue, this will be shown as liability in the balance sheet.

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commission received in advance meaning ​

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commission received in advance meaning