"Telegraphic transfer", pay in advanced and then they send you the product.
Usually has costs involved with transfer of money, which depends on the bank which you transfer from.
advance paid is current asset and advance received is current liability.
Yes, what about rent in advance?
debit salary paid in advance creidit mr.a a/c
No, if Insurance premium is paid in advance then it is a Prepayment - current asset.
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
advance paid is current asset and advance received is current liability.
Yes they do get paid.
Yes, what about rent in advance?
debit salary paid in advance creidit mr.a a/c
No, if Insurance premium is paid in advance then it is a Prepayment - current asset.
An advance payment is a part of a sum which is paid or received in advance for goods and services.
Early (as in getting paid in advance)
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
When an employee receives an advance on pay an asset account called employee advances is debited and the cash paid out is credited. When the advance is repaid then the applicable expense accounts are debited and the advance account is credited.
Consignment is paid for later normally a few months later and cash in advance is paid earlier.
Paid in Advance - 1919 was released on: USA: 1 September 1919 (premiere) USA: 30 November 1919
At least in Austin, they are paid in arrears.