Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?
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Answer Posted / vishwas
Outstading income & Advance income will not reflectin P&L
A/c.
We will show Advance income on Current Liabilitie side.
We will show outstading income on Current Assets.
| Is This Answer Correct ? | 31 Yes | 9 No |
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