| 释义 |
EncyclopediaSeeAdvance PaymentAdvance Payments
Advance PaymentA payment on an obligation that is paid well in advance. For example, if one pays May's rent in April, the payment is an advance payment. Often, though not always, the advance payment results in a discount on the amount owed. It is also called a payment in advance.Advance PaymentsAdvance payments are prepayments for services or goods. They generally are includible in gross income upon receipt for both accrual- and cash-basis taxpayers. |