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This practice is usually employed by accountants whenever a company is cash that is experiencing to alleviate extremely tight cashflow circumstances.

This practice is usually employed by accountants whenever a company is cash that is experiencing to alleviate extremely tight cashflow circumstances. If the product sales income is gotten, an element of the quantity is booked as “Received in advance” and also the recognition of revenue postponed. This enables for postponing the recognition of income to […]

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