Hello.. In what circumstance liability can be income, explain and vivid example
?

Question

In what circumstance liability can be income  tell us with vivid example

IDAROUS YUSSUF SAID SAID · Answer

Answer: Most this happen when company do prepaid of any that will obiligate to pay,

so when you prepare financial report that amount was paid but not yet get service /goods/ used will be calculated as INCOME OF COMPANY. EG Prepaid rent for business operation.

Produits Par Bayt.com

Utilisez l'Appli de Bayt.com

Communiquez avec les autres et partagez vos connaissances professionnelles

Hello.. In what circumstance liability can be income, explain and vivid example ?

Recherches Populaires

More Questions Like This