4 n-count An advance is money which is lent or paid to someone before they would normally receive it. She was paid a £100,000 advance for her next two novels. 5 verb To advance an event, or the time or date of an event, means to bring it forward to an earlier time or ;· An advance is money which is lent or paid to someone before they would normally receive it. She was paid a £100,000 advance for her next two novels. Synonyms: down payment, credit, fee, deposit More Synonyms of advanceJournal Entry for Income Received in Advance. Also known as unearned income, it is income which is received in advance, however, the related benefits are yet to be belongs to a future accounting period and is still to be earned. Journal entry for income received in advance recognizes the accounting rule of “Credit the increase in liability”.9/29/2020 · Advance payment is a type of payment made ahead of its normal schedule such as paying for a good or service before you actually receive it. Advance payments are …money paid in advance, as for goods or services, to a commission agent or the like. capital necessary to begin a business enterprise. Also called advance fee. money furnished by a company to a financier …Advance definition and meaning | Collins English DictionaryAdvance definition and meaning | Collins English DictionaryAdvance definition and meaning | Collins English Dictionaryto advance money definition | English dictionary for 11/25/2019 · In this case an asset (cash) increases as the money is received into the bank account of the business, and a liability (unearned revenue) increases representing the amount owed to the customer in respect of services yet to be provided. A similar situation occurs if a customer is invoiced in advance of the services being definition: 1. to go or move something forward, or to develop or improve something: 2. to pay someone some…. Learn in advance is a term describing terms of purchase, when full payment for a good or service is due before the merchandise is shipped. This presents the least …1. Advance in abnormal conditions (damage of property due to natural calamity) (Para 68L) 2. Advance to member affected by cut in electricity (max 300/-) (Para 68M) 3. Advance for investment in Varistha Pension Bima Yojana. (Para 68NNN) Note: Please refer to the relevant Para of …

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