Retention money
Ram Shyam (44 Points)
31 July 2019I have sale a machine to customer but in PO term they hold my 10 % money payment not paid to me...
they will pay me after two years..
what should I do to reduce my profit..
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 31 July 2019
bill for 90% sale invoice. rest of the amount invoice it after 2 years completion as retention period for faults.
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