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hawamahal
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Hi All

Another Question I have got is that the business I am buying has long lead times in terms of delivery i.e. when the customer orders they pay some advance and the balance payment is done once the order is completed. The question I have is about the orders for which the previous owner will get advance and I will be fulfilling them. How does it work out financially i.e. We adjust the advance received by the current owner in the final settlement price and then i fulfil the order and get the balance payment.

Also another question i have is related to this, is the current business gives a certain warranty on the items. If there are any warranty issues in future, how to tackle them i.e. the items they have supplied in the past so many years for which the business has given warranty to the customers.

Also It will be good to know what is the generally acceptable practice.

Thank you.