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Advisory Fees Received In Advance Journal Entry

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Unearned Advisory Fees Journal Entry When advisory fee received in advance, then it is considered as a Current Liability for the company as still the company does not provide the services against the advisory fees received in advance. Unearned Advisory Fees Adjusting Entry                                        Cash a/c / Bank a/c  XXX                                                                                 Advisory Fees Received In Advance a/c  XXX                                                               ...