Construction
Subcontractor Retention Release
Releasing the retained amount to a subcontractor after their portion of works is complete and the defects period passes.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Retention Payable (Subcontractor) | Liability (-) | 20,000.00 | - |
| Cash in Bank | Asset (-) | - | 20,000.00 |
💡 Accountant's Note
This mirrors the retention receivable from the client but from the subcontractor's perspective — the main contractor holds retention from subcontractors as a quality guarantee.
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