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Mobilization and retention money

Cost Accounts 1797 views 1 replies

hello friends plz suggest me how to maintain entry on system,

retention money .

Mobilization Advance.

Deducted on construction related works

 

Replies (1)
1) retention money
security deposit ac dr
debtor ac cr
2) mobilization advance
bank ac dr
advances from debtor cr
if mobilization of advance for supply of services in future then tax to paid be reverse calculation
3 ) if advance adjusted
bank ac dr
debtor from advance ac dr
debtor ac çr


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