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Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?
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Answer Posted / devendra
Outstading income & Advance income will not reflectin P&L
A/c.
We will show Advance income on Assets.
We will show outstading income on Liabilities.
| Is This Answer Correct ? | 5 Yes | 3 No |
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