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Whether this is correct way to adjustt

This query is : Resolved 
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(Querist)
02 February 2025 Advances paid or Advances received to be adjusted with
Expenses or Income.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 February 2025 Advances paid become expenses upon the receipt of services or goods.

Advances received become income upon the delivery of services or goods.
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