08 May 2018
A company has given an advance towards services to be rendered for next 12 months, the amount has already been received in the bank for USD 100,000 how do it treat this in books ?
09 May 2018
Treat it as advance for services received and show it as liability till the work is completed as if as per the agreement if the amount has to be given back for non -performance of service.
CAclubindia
