Accountancy, asked by roogharan, 8 months ago

dealer un furniture, received advance
against sales of tables and chair in
your opinion how should this advance
be treated and
why ?​

Answers

Answered by raotd
4

Answer:

Ajay , a dealer in furniture , received advance against sales of tables and chairs . ... The advance received should be treated as a liability because Ajay has not yet made the sales .

Explanation:

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