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a. Prepayments by customers.
b. Travel advances to employees.
c. The principal portion of a mortgage note that is due beyond one year or the operating cycle, whichever is longer.
d. Accumulated depreciation.
a- prepayments/ adance by customers account is a current liability
Prepayments by customers because it is unearned revenue
a. prepayments by customers
a) Prepayments by customers as these are in the nature of current liabilities.
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