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Why pre- received income goes to liability?
Dipti Pethe
CA Foundation
★ 800
19-Sep-20 14:19
30
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
Admin
19-Sep-20 14:22
