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Q. > Please Help: RA BILLS
WHAT IS RA BILLS AND HOW IT IS ACCOUNTED IN BOOKS..?
1 Answers
answered Jan 09, 2014 by Vikash Kumar Jha , Cuttack
Running Account Bills : Raised for
periodic payments for an ongoing projects,
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CA Md. Asad Quadri
08-Jan-2014 , 12:38:49 pmRA 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.