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Rahul Jain
Rahul Jain, Financial Advisor
Category: Finance
Satisfied Customers: 511
Experience:  BCOM(H), MBA, ACS
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Are advanced receipts from customers treated as revenue at ...

Customer Question

Are advanced receipts from customers treated as revenue at the time of receipt?
Submitted: 9 years ago.
Category: Finance
Expert:  Rahul Jain replied 9 years ago.
No, it is not treated as revenue. It is treated as Deferred revenue.