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What is PPC in construction?
Progress Payment Certificate
What is mobilization advance in construction?
A mobilization advance is an amount of upfront money paid by the client to the contractor. This reduces the amount of working capital the contractor needs to come up with to start the job.
What is a definition for dayworks in construction?
Dayworks apply when a payment is made to a contractor based on the cost of materials and wages plus a percentage for overheads and profits.
What is ICI construction?
ICI Construction stands for Industrial-Commercial-Institutional Construction.
Name of a construction worker?
Construction Schmorganboard
Is unearned revenue a current liability when advance payment received for construction work?
no
What is an advance payment?
An advance payment is a part of a sum which is paid or received in advance for goods and services.
Is payment required in advance for the service?
Yes, payment is required in advance for the service.
What is the difference between advance payment and down payment?
Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
Does booking.com require payment in advance for reservations"?
Yes, Booking.com typically requires payment in advance for reservations.
What do you understand by advance tax payment did government provide any special bonus on advance payment of tax?
Advance tax payment is paying of tax to the government in advance, before the year ends. The government do not provide special bonuses.
Meaning Advance Payment Tax?
Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance payment of tax
What is advance payment upon delivery?
You pay in advance then it will be delivered!
What does "payable in advance" mean and how does it impact the payment process?
"Payable in advance" means that payment is required before receiving a product or service. This impacts the payment process by ensuring that the provider receives payment upfront, reducing the risk of non-payment or late payment.
What is Deposit sales?
The deposit sales is the business type of payment , the customer will have to advance the payment before buying. The diffirent between the advance payment sales and deposit sales is about , the Advance Payment - the customer will have to order first then pay regarding to the order Deposit Sales - the customer will pay first before ordering.
