Please Help: RA BILLS
Posted Date : 07-Jan-2014 , 05:50:03 pm | Posted By: ANAND JADHAV
Category :
Accounts | Answers :
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WHAT IS RA BILLS AND HOW IT IS ACCOUNTED IN BOOKS..? |
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Answers:
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 Answer by: Vikash Kumar Jha |
| Running Account Bills : Raised for
periodic payments for an ongoing projects,
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| Comments |
| Posted By : CA Md. Asad Quadri |
08-Jan-2014, 12:38:49 |
| RA bill is a running account bill issued by contractors for their progressive work.In case of big contract work, as per contract agreement contractors can issue their progressive bill after achieving certain milestone.They may be monthly or certain percentage of work completion. |
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