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What is residual payment and part payment?
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Answer Posted / satish
If payment is made for less than the required amount, it is
part payment and balance left after this payment is due as
residual payment. Say if payable amounts is Rs.100/- and
Rs.75 is paid, then Rs. 75 is part payment and Balance Rs.
25 is residual payment due.
| Is This Answer Correct ? | 8 Yes | 22 No |
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