Treatment of advance receipt against PO as revenue
This query is : Resolved
28 January 2021
If we are getting advance from the client against PO by end of FY20-21, and supply is happening on next FY 21-22.
Whether advance amount received from the client as revenue in our books during FY 20-21 by providing corresponding expense provision on books.
Whether advance amount received from the client as revenue in our books during FY 20-21 by providing corresponding expense provision on books.
28 January 2021
Keep it as advance and adjust it against the sale next year.
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