Economy, asked by Vanu143, 7 months ago

income received in advance ......?
1.capital. 2.profit 3. loan

Answers

Answered by anjichandan1984

Answer:

Sometimes earned revenue that belongs to a future accounting period is received in the current accounting period, such income is considered as income received in advance. It is also known as Unearned Income and is received before the related benefits are provided.

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