When and who prepares Letter of credit and is any relation
with bill of exchange? pleas breaf with examle.
- 3 Answers
- 5029 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / saurabh jaiswal
When there is a foreign transaction,the exporter write
letter od credit.A letter of credit is essentially a
promissory note from your bank for an exporter. It is used
to build trust in business relationships, especially with
internal business transactions.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / sajjad1
Dear Letter of Credit is write by the importer to exporter
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / abdul
Letter of credit is Letter from bank to receive our loan
amount for exporting materials purchased.usually banks
first give that amount,after taking that loan amount
through our foriegn buyers paid our payment like bill of
exchange with interest.
| Is This Answer Correct ? | 2 Yes | 1 No |
what is debenture ?
2 Answers Capital IQ, Genpact,
The primary record of a credit purchase of a fixed asset is made in---------
What is the Capitalmarket and speech 10 min in capital market? What is Mean by Share,Dividend,mutualfund, detail answer? details of Share market? What is mean by nav & npv over all finance related interview question?
what is cap & floor of call rates?
expand F B T
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
What is accounts?
Is WCT paid to be considered as overhead during costing in construction firm?
Distinguish between Piece rate and Time rate?
What is general ledger?
what is the finallizition account
what are the financial reports to be accompanied with income tax return of a business concern?
Audit 
