Do you receive deposits and/or prepayments?
Answers were Sorted based on User's Feedback
Answer / biduth chakraborty
Deposits are Transaction in AR which is Received from
Customers whereas Prepayment from AP is Advance payment to
Supplier.
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Answer / rajesh saini
We receive the Deposits and we pay the prepayment because this is the advance payment to the supplier example rent and utilities bill
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