Entries of running bills

Dear Friend

Suppose if a RAB 1 value is  13,52,852 after some months another bill RAB 2 raised for 18,32,547 the treatment is as follows: The RAB 1 tobe accounted for 13,52,852 wheras the RAB 2 has to be accounted for the difference from the RAB 1 viz., (18,32,547 (-) 13,52,852 = 4,79,695  If you look at the other angle say the total value of work done it should be equal to RAB 2 . One important thing has to be considered is it should be before taxes & duties say service tax ,less materila if supplied by the client. If a thrid party involved in certification we should always consider the Certified Value only in all aspects.

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I m satisfied with V.P.sir,

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