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Why is the advance payment classified as a current debt? Please give an easy to understand example, not accounting standards.

2024-09-17 02:37
1 answer

Advance payment is usually considered a type of current debt because it usually refers to a debt that needs to be paid in the short term but has not yet been paid. For example, if a merchant receives some money from a customer during a promotion, the customer needs to pay the money immediately after the promotion ends. In this case, the advance payment is considered a current debt because it is related to the future payment needs of the consumer. Unlike long-term debt, advance payments usually do not accumulate and do not have a lasting impact on the merchant's cash flow. As a result, merchants could more easily manage the advance payment and convert it into income or reduce debt when needed. Receivable in advance is usually considered a current debt because it is related to the demand for payment in the short term.

Marry A Sweetheart And Get Another Free: President, Please Sign This!

Marry A Sweetheart And Get Another Free: President, Please Sign This!

She became the young mistress of the most powerful family in City T by marrying the young master in place of her sister. He was cold to her on their first nuptial night. "Just because you played some tricks to get yourself married here, you still mean nothing to me!" However, she was calm and heartless. "Young Master Mu, don't think too highly of yourself. I despise all that is you — your money and your very being!" After the wedding, Young Master Mu lived lavishly by spending money like flowing during the day while working his nights away busily. "You said you despised me earlier. Well, which part of me do you despise exactly, hmm?" Luo Chenxi could not bear the harassment any longer so she tossed out the divorce papers in rage. "I can't live like this much longer..."
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Young Master Gu, Please Be Gentle

Young Master Gu, Please Be Gentle

After facing her fiancé's betrayal, things take an unexpected turn after Tang Mo’er inadvertently gets involved with the Capital’s preeminent magnate, Gu Mohan. Fast-forwarding, Tang Mo’er clenches on a pregnancy test kit with two red lines—testing positive—and confronts him. “Young Master Gu, why did you make me pregnant?” Gu Mohan hands a baby over into her arms. “My dearest wife, be good. That’s our second child.” And so Tang Mo’er can only hustle and take care of her two children, but unbeknownst to her, Young Master Gu has also been coveting her love and affection… This is a face-smacking, sweet-love novel set in the entertainment industry.
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Sweet Adorable Wife, Please Kiss Slower!

Sweet Adorable Wife, Please Kiss Slower!

Lin Wanwan is a pitiful mentally-disabled girl. Not only does she suffer abuse from her stepmother, her stepmother even attempts to use her as a sexual commodity to pleasure others. Eventually, the poor Wanwan dies from an overdose… Perhaps a god or a devil had witnessed her tragic fate, but Wanwan gets a brand new chance at life—an external soul takes over her body and gains Wanwan's memories. The resurrected Lin Xiao swears to seek revenge for Wanwan. Having witnessed Wanwan's death and resurrection process, Tang Chen is intrigued by the changes she undergoes. When he tries to cheat Wanwan to gain possession of her, a knight descends from the sky and saves her. He allows her to seek his help thrice. Just who is this mysterious knight? The revived Wanwan demonstrates her astounding talent and intelligence. Not only does she leave her enemies helpless against her, but she also becomes a celebrity who sweeps through the entertainment industry. Who exactly is she? When Wanwan interacts more with the knight, she realizes that he is actually a devil… "From this moment forth, every inch of your body is mine. Resistance is futile." He had descended like Satan, wantonly occupying her body and mind… It's fine. Even if he's the devil, he would still be trampled beneath her feet.
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Reincarnated With A Glitched System: Why Is My MP Not Running Out?

Reincarnated With A Glitched System: Why Is My MP Not Running Out?

Alternative Title: "Reincarnated as the Hero's Daughter: Why Is My MP Not Running Out? After living a life filled with hardships and suffering which ended in her ultimate sacrifice to protect her family and defeat the foes that she hated the most, our protagonist suddenly finds herself being brought to a white space where a God of Reincarnation quickly realizes he committed a mistake. "Wait, you're not from Earth?! Oh, my bad!" After being mistaken for a "good soul" due to her high positive karma count, she is reincarnated by error and given a glitched system as her only gift to explore this new world. Now, she finds herself being reincarnated as a half-elf girl named Sylph with two loving and doting parents. However, as she grows up, she begins to find weird things... "Why is my father just slaying a dragon leisurely?" "Eh? My mother can heal any wound or disease?!" "Wait! Why is my MP never running out? What's going on in here?!" Join Sylph as she explores a new world of endless possibilities, fights against the ghosts of the past that torment her parents’ lives, discovers herself and makes good friends along the way. Who knows? Perhaps this time she’ll even save the world! MP = Mana Points Over 100000 Words available for FREE! Daily Chapters Note : Vote for the Novel for extra weekly chapters. 100 Power Stones = 1 Extra Chapter per week 200 Power Stones = 2 Extra Chapters per week 500 Power Stones = 5 Extra chapters per week 10 Golden Tickets = 2 Extra chapters per week 20 Golden Tickets = 3 Extra chapters per week 50 Golden Tickets = 7 Extra chapters per week
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Domineering Billionaire Husband: Please Love Me Gently

Domineering Billionaire Husband: Please Love Me Gently

She was forced to accept a marriage proposal from a strange billionaire to pay her huge debt and to take back her inheritance left to him when her mother died. "I only have two questions," she said. "The first question is this: if I sign it, does it mean that I don't need to pay my debt?" Mike: "Yes. And your second question...?" Crystal: "Okay, I haven't reached the legal age for marriage yet, so even if I sign it, it won't take effect. Is that right?" Nathan quickly raised his hand and said, "If I say that it is effective, no one will dare to say that it isn't. Do you believe that?" "I suppose so," Crystal admitted. She hesitated for a moment, and then she signed the marriage certificate. Months later, she asked for a divorce from him. He stared at her in silence, then he uttered, "Have I ever told you how much I love you?" "What does that have to do with our divorce?" Crystal asked. "I'm only asking because I care about you," Nathan murmured. Suddenly, tears began to stream down Nathan's face. "I'll be happy if you say that you care about me," Nathan continued. "Why must you torture me this way? Haven't I done enough to prove my love for you?" She was stunned hearing his confession and words stuck on her throat. Nathan carried on with his little speech. He said, "I have died once, and the fear of death has no hold on me. But if you admit that you care for me, then I will live for you! So, please, love me once, and I will be at your disposal!"
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1452 Chs
Otherworld Advance Team

Otherworld Advance Team

In 2120, a massive gateway that connects Earth with the Otherworld replaced the Aels boulder in central Australia. The Earth, representative of science, and the Otherworld, representative of magic, subsequently made contact and two wars broke out. Both wars inflicted enormous damage on both sides, eventually leading them to choose peace negotiations, and thereby marking a thirty-year era of peaceful exchanges between Earth and the Otherworld. Even though both sides chose to coexist peacefully, they each coveted the other's benefits. With the impending arrival of the third inter-world war, Earth's Otherworld combat General Staff Headquarters decided to secretly dispatch an advance team to the Otherworld to conduct pre-war reconnaissance. As a hybrid of Earthlings and Otherworld elves, Luoer, after secretly studying and training for over twenty years in Haiya Academy, which specializes in cultivating hybrids of Earthlings and Otherworld inhabitants, will soon lead his squad into an exciting adventure in the unknown Otherworld. Swords and magic? No, this is a world of guns and magic!
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1334 Chs

Why is the advance payment classified as a debt? Please give an example! thanks

1 answer
2024-09-17 02:25

Advance payment refers to the amount of money that the enterprise collects from the customer before a certain point in the future. Usually, the enterprise needs to pay a part of the cost or expenses when conducting business, and these costs or expenses cannot be recovered at the scheduled time or before. Therefore, the enterprise needs to collect the money from the customer in advance after the business starts. For example, a food company would receive 100 yuan in advance from customers for some food orders before a certain time in the future. If the food company needed to pay the customer after producing the food, and the food company could not collect the 100 yuan payment before the scheduled time due to the time required for production, the food company would mark it as "advance payment" in the debt category. Receives in advance is usually considered a debt because it reflects the costs or expenses that the business will have to pay before a certain point in the future and the customer will not be able to receive these payments before the scheduled time.

Among the accounting elements, why is the advance payment classified as a debt and not an asset? What does this "pre-planned" mean?

1 answer
2024-09-17 02:21

In the accounting elements, advance payment was usually considered a type of debt. This is because the advance payment refers to the amount of money received in advance by the enterprise before a certain point in the future. It is usually due to the customer paying the money in advance, so the enterprise needs to recognize it as a debt in the next accounting period. The meaning of " advance payment " in advance payment was that " advance payment " meant that the company needed to confirm the payment according to the customer's willingness and ability to pay before a certain point in the future. Therefore, the advance payment was essentially a future debt rather than an existing asset. It should be noted that the specific content of the advance payment may vary according to different industries and business models. For example, in some industries, advance payment may be regarded as a credit debt because the customer may not need to repay the payment in the next accounting period, but if the company does not pay on time, it may cause the customer to sue the company. Therefore, the nature of the advance payment may be different in specific businesses.

The difference between an advance payment and a deposit

1 answer
2024-12-26 12:03

The difference between an advance payment and a deposit was their nature and legal consequences. The advance payment was usually a fee paid to the seller before buying a house. It was used to express the buyer's intention to buy a house. The advance payment was generally regarded as an advance payment. If the buyer decided not to buy the house, the advance payment could be returned in full. The deposit was a legal concept used to guarantee the performance of the contract. After the buyer paid the deposit, if the buyer breached the contract, he might have to bear the responsibility for breach of contract, and the deposit might not be returned. The deposit had the function of guaranteeing the performance of the contract, but the advance payment did not have such a guarantee. In short, when buying a house, the buyer needed to choose whether to pay the advance payment or the deposit according to the specific situation and the contract agreement.

Please recommend a novel that is easy to understand.

1 answer
2024-09-19 02:16

The main character had transmigrated to the Pokémon World and had an exchange system that allowed him to exchange for any items and abilities to help him defeat all kinds of enemies and challenges. I hope you like my recommendation.😗

Can you give an example of a 'wife pays debt story'?

3 answers
2024-11-05 06:43

Sure. There was a couple who had a large amount of credit card debt. The husband lost his job, and they were on the verge of losing their house. The wife, who had a part - time job, took on extra work, cut down on all non - essential expenses, and slowly started paying off the debt. She worked hard day and night, sacrificing her free time, and finally managed to clear the debt and save their home.

Why are easy to understand short stories important?

3 answers
2024-11-04 15:29

They're important because they're accessible. Beginners in reading, like kids or people learning a new language, can enjoy them without getting overwhelmed. For example, a child just starting to read can build confidence with short, simple stories.

What are the common elements in debt payment success stories?

2 answers
2024-11-01 14:51

One common element is discipline. People who succeed in paying off debt are usually very strict with their spending. They avoid impulse purchases and stick to a budget. For example, they might plan their meals in advance to avoid buying expensive take - outs.

How to write the script, give an easy to understand answer!

1 answer
2024-09-17 10:52

Writing a script usually required the following steps: 1. Decide on the theme and plot of the story: For example, if you want to write a science fiction novel, you need to first determine the theme and plot of the story, including the protagonist's background, goals, motives, and so on. 2. Character design: According to the storyline, design different characters, including the protagonist, villain, supporting characters, etc., and determine their personality, appearance, ability, goals, etc. 3. Writing an outline: According to the storyline and character design, write an outline of the script to determine the general content and order of each scene. 4. Fill in the details: On the basis of the outline, fill in the details to perfect the content of each scene, including dialogue, action, description, etc. 5. Revise and polish: Revise and polish the script according to the audience's reaction and feedback to make it more perfect. The writing of the script required a certain degree of literary attainment and imagination. At the same time, it also needed to pay attention to the logic and cohesiveness of the plot.

Please recommend an easy-to-understand orthodox novel.

1 answer
2024-08-02 21:24

😋I recommend the following novels to you: 1. "The Soul of the Ball" was a sports-football novel. It told the story of how a player with big dreams broke through many difficulties and became a superstar in the desert of Chinese football. 2. "The Strongest System in the Other World" was a fantasy novel about a young man with a powerful system who became the strongest person in the Other World. 3. "Super God Level Time Travel" was a novel about the infinite universe. It told the story of a man who had the ability to travel through time and create miracles in different worlds. I hope you like this fairy's recommendation. Muah ~😗

Can you give an example of an 'advance directive short story'?

3 answers
2024-12-08 05:14

Sure. There was a man named John. He knew he had a serious heart condition. So, he made an advance directive stating that if his heart stopped, he didn't want to be resuscitated. The short story could be about how he told his family about this decision. His family was initially shocked but then understood his reasoning as he explained how he didn't want to live in a vegetative state.

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