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RA bill treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2011 please provide me the full details of RUNNING ACCOUNT BILLS because i have no clarity regarding this whether this is expenditure or income and for whom etc it will be issued or received?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 January 2011 Running account bills are raised by the contractors those who are doing contiuos job and based on work completed
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