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What is Residual Payment and Part payment.

Answer Posted / venkat naveen

if any customer has taken 100000 credit sale from company now he is ready to pay for 50000 that is part payment later he can pay remaining 50000

if any customer out of 10000 credit sale he pays 99000 he does not pay 1000 because of damage of goods or what ever then we have to adjust our money in our books like transport charges what ever

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