Retainage Accounting
Definition: Amounts withheld pending completion
Scope:Very NarrowDifficulty:Moderate
Part of: Construction Accounting
Amounts withheld pending completion
StandardsASC 606, contract terms
CertificationsCPA, CCIFP
Geography5-10% retention
Related Subjects
See Also
- Construction AccountingPart of Construction Accounting
External Links
- Retainage — Wikipedia