Question

what is advance income​

Answer 1

☆VALID ANSWER☆

Income received in advance', as the name suggests, are the earned revenue which is to be earned in the future in an accounting period but is already received in the current accounting period.

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Answer 2

Answer:

Income received in advance', as the name suggests, are the earned revenue which is to be earned in the future in an accounting period but is already received in the current accounting period. ...

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