Why do companies require deposits & advances?

Question

• They don't trust the customers to pay

• They want to make sure customers have money to pay

• It improves cash flow, specially for long duration projects

Junaid parkar · Answer

Companies take deposits and advances to improve their cash flow in long duration project. This is from companies point of view.

Same time company assures the banker by taking Advances to pay them in future and assures customers the delivery of asset by taking deposit from them.

Anwar Ahemad Khan · Answer

They want to make sure customers have money to pay....for sureity for long term consistancy

مستخدم محذوف‎ · Answer

companies require deposits & advances because it improve cash flow of company, Its does not mean than the company don't trust the customer's.

Karan Bhutani · Answer

It improves cash flow, specially for long duration projects

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Why do companies require deposits & advances?

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