IndigoLearn

Pre-received income.

Why pre- received income goes to liability?


Dipti Pethe

Dipti Pethe

CA Foundation

800

19-Sep-20 14:19

18

Answers (1)

Because, if contract is terminated on the date of receipts as services have not be delivered, income is not earned and the amount has to be retuned to the payer


Sriram Somayajula

Sriram Somayajula

Admin

19-Sep-20 14:22