Why is the advance payment classified as a debt? Please give an example! thanks

2024-09-17 10:25

1 answer

2024-09-17 11:43

Advance payment refers to the amount of money that the enterprise collects from the customer before a certain point in the future. Usually, the enterprise needs to pay a part of the cost or expenses when conducting business, and these costs or expenses cannot be recovered at the scheduled time or before. Therefore, the enterprise needs to collect the money from the customer in advance after the business starts. For example, a food company would receive 100 yuan in advance from customers for some food orders before a certain time in the future. If the food company needed to pay the customer after producing the food, and the food company could not collect the 100 yuan payment before the scheduled time due to the time required for production, the food company would mark it as "advance payment" in the debt category. Receives in advance is usually considered a debt because it reflects the costs or expenses that the business will have to pay before a certain point in the future and the customer will not be able to receive these payments before the scheduled time.

Why is the advance payment classified as a current debt? Please give an easy to understand example, not accounting standards.

1 answer

2024-09-17 10:37

Advance payment is usually considered a type of current debt because it usually refers to a debt that needs to be paid in the short term but has not yet been paid. For example, if a merchant receives some money from a customer during a promotion, the customer needs to pay the money immediately after the promotion ends. In this case, the advance payment is considered a current debt because it is related to the future payment needs of the consumer. Unlike long-term debt, advance payments usually do not accumulate and do not have a lasting impact on the merchant's cash flow. As a result, merchants could more easily manage the advance payment and convert it into income or reduce debt when needed. Receivable in advance is usually considered a current debt because it is related to the demand for payment in the short term.

Among the accounting elements, why is the advance payment classified as a debt and not an asset? What does this "pre-planned" mean?

1 answer

2024-09-17 10:21

In the accounting elements, advance payment was usually considered a type of debt. This is because the advance payment refers to the amount of money received in advance by the enterprise before a certain point in the future. It is usually due to the customer paying the money in advance, so the enterprise needs to recognize it as a debt in the next accounting period. The meaning of " advance payment " in advance payment was that " advance payment " meant that the company needed to confirm the payment according to the customer's willingness and ability to pay before a certain point in the future. Therefore, the advance payment was essentially a future debt rather than an existing asset. It should be noted that the specific content of the advance payment may vary according to different industries and business models. For example, in some industries, advance payment may be regarded as a credit debt because the customer may not need to repay the payment in the next accounting period, but if the company does not pay on time, it may cause the customer to sue the company. Therefore, the nature of the advance payment may be different in specific businesses.

Can you give an example of a 'wife pays debt story'?

3 answers

2024-11-05 14:43

Sure. There was a couple who had a large amount of credit card debt. The husband lost his job, and they were on the verge of losing their house. The wife, who had a part - time job, took on extra work, cut down on all non - essential expenses, and slowly started paying off the debt. She worked hard day and night, sacrificing her free time, and finally managed to clear the debt and save their home.

What are the common elements in debt payment success stories?

2 answers

2024-11-01 22:51

One common element is discipline. People who succeed in paying off debt are usually very strict with their spending. They avoid impulse purchases and stick to a budget. For example, they might plan their meals in advance to avoid buying expensive take - outs.

Thanks back story. Can you give an example?

1 answer

2024-11-01 14:12

Here's an example. A student was having trouble with a school project. A teacher stayed after school to help the student. In return, the student made a beautiful handmade card for the teacher to show their thanks. This is an example of a 'thanks back story' where one act of kindness is reciprocated with gratitude.

Why did modern Chinese literature begin and end in Lu Xun's hands? Please give an example! thanks

1 answer

2024-09-13 16:27

Lu Xun was one of the important representatives of modern Chinese literature. His literary works had a profound influence on modern Chinese literature. He was hailed as a "literary master" and played an important role in promoting the development of modern Chinese literature. Lu Xun advocated against feudalism and imperialism and advocated realistic literature in literary creation. His literary works deeply reflected the dark side of society at that time, exposing the corruption of feudal society and the sufferings of the people. It was the first work of modern Chinese literature. Lu Xun's literary works were deeply loved by readers and had a profound influence. His novels such as A Madman's Diary, The True Story of Ah Q, and New Stories created a precedent for modern novels and became one of the classics of modern Chinese literature. His literary works had a unique style, concise and profound language, reflecting the reality of the society and the suffering of the people at that time. However, Lu Xun's literary creation also had some controversy. Some people thought that his literary works were too pessimistic and exposed the lack of humane care in reality. In addition, some of his literary works were also accused of promoting feudalism and imperialism, which had a negative impact on society and people at that time. Lu Xun's literary works have played an important role in promoting the development of modern and contemporary Chinese literature, but there are also some reasons for the beginning and end. His literary works had a profound influence on the development of modern Chinese literature and also became an important part of Chinese culture.

Can you share some debt payment success stories?

2 answers

2024-11-02 05:33

Sure. One success story is about a family who cut down on all non - essential spending. They stopped eating out, canceled cable, and limited shopping. They used the money saved to pay off their credit card debt within two years. It was tough but they managed it through strict budgeting.

What was the definition of a mobile reading app? Give an example. thanks

1 answer

2024-09-26 02:44

A mobile reading application was an application that allowed users to read mobile publication such as e-books, news, magazines, and novels anytime, anywhere. It usually had online reading, local reading, a mode of ordering, search, comments, and other functions that allowed users to easily obtain a reading experience anywhere through any device. Here are some common mobile reading applications: 1. E-book reading application: For example, users such as Amazon's iPhone, Apple's iBooks, and Dangdang Reading can purchase, download, and read e-books through this application. 2. News reading application: For example, users of Jinri Toutiao, Netease News, and sina News can obtain all kinds of news and information including sports, entertainment, economy, and technology through this application. 3. Magazine-reading application: For example, readers, bosom friends, Germinal, etc. can purchase or purchase magazines through this application to obtain the latest magazine content. 4. Fiction-reading application: For example, Qidian Chinese Network, Xiaoxiang Academy, Yuewen Group, and other users can purchase or download novels through this application and read them anytime, anywhere. 5 Others: For example, music reading applications, audio reading applications, etc., users can listen to books and audio books through the application to obtain an audio reading experience.

How much advance payment is typically offered for a collection of short stories?

1 answer

2024-10-14 11:08

The amount of advance payment for a short story collection is hard to pin down precisely. It could be as low as a couple of hundred bucks or as high as several thousand. It's influenced by things like the author's popularity, the quality of the stories, and the publisher's marketing strategy.

How to turn a mixed loop decimals into a fraction Give me an example! thanks

1 answer

2024-09-20 17:11

Mixed repeating decimals meant that the decimals were repeating, such as 066666 or 314159265358979323846. To turn it into a fraction, one needed to find the loop and then split it into two fraction. Here is an example of converting 06666 into a score: ``` 066666 = 02 * 10^(n-1) + 03 * 10^(n-2) + + 06 * 10^(n-n+1) = 2/10 + 3/10 + + 6/10 ``` where n represents the number of loop nodes. In this example, n=4, so: ``` 066666 = 2/10 + 3/10 + 4/10 = 2(1/10) + 3(1/10) + 4(1/10) = 2 + 3 + 4 = 9 ``` Therefore, the mixed loop decimals 066666 could be converted into a fraction of 9.