Received Advance from customer & paid Advance to supplier
This query is : Resolved
Vaneet Monga
(Querist)
28 March 2023
Dear Sir,
received Advance from Customer is Other long-term liabilities OR Other current liabilities and Advance to Supplier is Other non-current assets OR Other current assets
Please suggest
received Advance from Customer is Other long-term liabilities OR Other current liabilities and Advance to Supplier is Other non-current assets OR Other current assets
Please suggest
20 August 2023
Advance from customer - Current Liability (Or it can be shows as reduction in AR)
Advance to Supplier - Current Assets (Or it can be shown as reduction in AP)
Advance to Supplier - Current Assets (Or it can be shown as reduction in AP)
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