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What is the difference between advance payment and down payment?
Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
What do you understand by advance tax payment did government provide any special bonus on advance payment of tax?
Advance tax payment is paying of tax to the government in advance, before the year ends. The government do not provide special bonuses.
Meaning Advance Payment Tax?
Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance payment of tax
What does "payable in advance" mean and how does it impact the payment process?
"Payable in advance" means that payment is required before receiving a product or service. This impacts the payment process by ensuring that the provider receives payment upfront, reducing the risk of non-payment or late payment.
What is an advance payment?
An advance payment is a part of a sum which is paid or received in advance for goods and services.
What does it mean to have a lawsuit cash advance?
If you are the winner of a lawsuit,but have to wait for payment,there are services that will issue you an advance against the amount you have won.
Do lenders have to give you advance notice of a payment change due to an escrow analysis?
apparently not. I was not notified.
Is payment required in advance for the service?
Yes, payment is required in advance for the service.
Concept of Payment in due course?
Its mean that the payment should be made after that
What is the difference between advance payment and down payment?
Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
In ePay funtionhow can you select to pay the full amount due a week before the payment due date?
In the ePay function, you can select to pay the full amount due a week before the payment due date by navigating to the payment settings or scheduling options. Choose the option to make an advance payment and enter the total amount due. Ensure you set the payment date to a week prior to the official due date, then confirm and submit the transaction. This will ensure your payment is processed on your chosen date.
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
Does booking.com require payment in advance for reservations"?
Yes, Booking.com typically requires payment in advance for reservations.
What do you understand by advance tax payment did government provide any special bonus on advance payment of tax?
Advance tax payment is paying of tax to the government in advance, before the year ends. The government do not provide special bonuses.
