Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Letter of Credit?

Answer Posted / pnv srinivasu

A letter from a bank guarnteeing that a buyers payment to a
seller will be received on time and for the correct amount.
In the event that buyer is unable to make payment on the
purchase the bank will be required to cover the full or
remaining amount of the purchase.

Is This Answer Correct ?    19 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------NMOP

1986


which are the basic princeples of accountancy... with examples

2130


how can i make transaction related to inflation account in sap ?

2020


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

2269


Expand---------OTMD

2415


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

2152


what is tds rate of WCT applay for sale tax ragistard company.

2520


what is non stock?

2633


recently release the 6.0 version not succede in the market why?

1939


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

2067


what are valuation accounts?

1982


What is miscellaneous expense and when it is used

2058


My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.

2285


Short Answer on _________Commerce

1803


What exactly is derivatives segment. can u explain futures and options with examples...

2590