banner_ad

Prepaid customers are assets or liabilities for the company

217 views 1 replies
Our Company has started 3 passenger ships. We take advance form our registered agents and recharge their account associated with us. Now the can book tickets directly from that account based on the available balance they had on their account. Since they always pay us in advance, they always show a negative balance under the debtors had in our balance sheet. Can they be created under current liabilities, since their balance in refundable in case we fail to deliver them.
Replies (1)

It is a liablity for your company. It will be shown under "Other current Liability" under "Current Liability" head.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details