exam kit 10.4

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November 3, 2020 at 2:36 pm #593952
tushargujral
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hi sir I have doubt why its sundry payables as we have its prepayment income
November 3, 2020 at 3:37 pm #593965
John Moffat
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Prepaid income is rent that we have received in advance and relates to next year.

Therefore at the end of this year it is effectively owed back to the person renting from us and is therefore a liability.
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