Jump to content
ATX Community

Cash basis - Advance/Deposit

ILLMAS

By ILLMAS
in General Chat

 Share

Recommended Posts

ILLMAS

ILLMAS

Posted
Posted

TP is in construction and in late 2021 they received $100K for work to begin January 2022, under cash basis can this money be classified as a client deposit or advance and reverse it 2022?

Thanks

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...