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Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?

Answer Posted / vishwas

Outstading income & Advance income will not reflectin P&L
A/c.

We will show Advance income on Current Liabilitie side.
We will show outstading income on Current Assets.

Is This Answer Correct ?    31 Yes 9 No



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