Accountancy, asked by anaswaraanu254203, 6 months ago

what is rreceived in advance

Answers

Answered by legendgirl50
3

Answer:

what is the exact question

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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:

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