Accouting entry

Discussion in 'A/c entries' started by Gimi, Mar 6, 2014.

  1. Gimi

    Gimi Member

    One of clients enter contracts for providing services of 5 years continuosly say agreed at a price of 15 crores for 5 years and raises advance invoices for the same. The company does not record the entries for advance invoices as neither any services have been given nor any payments have been received. i am confused about the accouting entries for the same.

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