@ Sabyasachi is bad that he studied less and rubab more.
https://www.wallstreetmojo.com/advance-payment/#:~:text=Advance%20payment%20is%20a%20payment,the%20goods%20or%20render%20services.
It appears on the assets side of the balance sheet as a prepaid expense for the buyer. Such advances are usually required when a buyer has defaulted payments in the past, so it protects the sellers from such unforeseen events, especially in the corporate world where the size of consignments is comparatively large.
These professional schools I've studied.
And you studied from a broken English text book like below
When Advance paid to supplier hat is current Asset as its our right to get deliver goods and service in future. Before going further we have to understand what is Advance paid through the accounting rule of assets and libilities as mention above table.
https://www.thevistaacademy.com/journal-entry-of-advance-received-from-customer-and-advance-paid-to-supplier/
this is where you studied.
if i drag you to the courts for bragging too much, you'll be debarred for processing rubbish to everyone here.
I think your a bpo employee chuckles