Where does revenue received in advance go on a balance sheet?

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Advanced Accounting

ISBN: 978-0134472140

13th edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Nov 30, 2017 10:03 AM

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Where does revenue received in advance go on a balance sheet?

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Revenue received in advance is treated as liability in accrual accounting and report ...View the full answer

Advanced Accounting

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