Construction
Project Mobilization Advance
Receiving an upfront payment from a client to start a construction project.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 50,000.00 | - |
| Advance from Customers | Liability (+) | - | 50,000.00 |
💡 Accountant's Note
In construction, clients often pay a 'Mobilization' fee. This is a liability because if the project is cancelled before starting, the money must be returned.
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