|Directions: From the four options given, shade the appropriate correct option in the space provided for it on the OMR Answer Sheet.|
A) Earnest money
Correct Answer: B
Solution :Ans. An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance for goods or services, while the balance included in the invoice, invoice will only follow the delivery. It is called a prepaid expense in accrual accounting.
You need to login to perform this action.
You will be redirected in 3 sec