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Unheard revenue defined as liability

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Unheard revenue defined as a liability

Steve chang chang recived $500 in advance for tutoring fees when he agreed to help Jon Seng with his introduce accounting cause. Upon receiving the cash. Steve mentioned that he would have to record the transaction as liability on his books Seng asked. Why a liability? You don't owe me any money, do you ?

Respond to Sengs questions regarding Chang's liability

Reference no: EM133239957

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