Our company has received a boat order. An advance of 30000 TL for the boat,...
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Accounting
Our company has received a boat order. An advance of 30000 TL for the boat, which will be completed in two years, has been deposited by the company that placed the order to the bank account of the enterprise in return for the bank letter of guarantee given before.
a-) What is the registration to be made when the advance is received?
b-) What is the registration to be made when the delivery period of the boat is reduced to 1 year?
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