Accountancy, asked by anaswaraanu254203, 8 months ago

what is rreceived in advance

Answers

Answered by legendgirl50
3

Answer:

what is the exact question

plzzz subscribe and like my chanal

LEGEND GIRL its a new chanal

with one lyrical video its my very first video plzz support me

Answered by subhrajena189
5

Answer:

When a company receives money in advance of earning it, the accounting entry is a debit to the asset Cash for the amount received and a credit to the liability account such as Customer Advances or Unearned Revenues.

Explanation:

HOPE IT HELPS YOU PLZ MARK ME AS BRAINLIEST

Similar questions