amitathik8339 amitathik8339

10-02-2020
Business

contestada

Are advanced receipts from customers treated as revenue at the time of receipt? Why or why not?

Respuesta :

donaldcredo donaldcredo

11-02-2020

Answer:

No

Explanation:

The receipt received from customer is view as expense and expense is not a revenue.

The receipt can be issue after purchase or return of good. so in this particular case its not a revenue. Thank you

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