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 LC?

Answer Posted / digant

A letter from a bank guaranteeing that a buyer's payment to
a seller will be received on time and for the correct
amount. In the event that the 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 ?    4 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to pass VAT retention entry on computer and Furniture

2961


What is the difference between Accruals and Provisions?

1683


what are the voucher entries in tally for medical insurance

2346


What is accounting chart of accounts?

1205


can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

2081


formula of reduction in tax credit of vat form 201(gujarat)

4304


I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

2369


What is an over accrual?

1122


Explain me what is assets minus liabilities?

1105


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1867


what is profitability ratio and dividend policy ratio

2168


how to caluclate tds from emloyees and others

2164


if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

2462


What are the various systems of accounting? Explain them.

1032


What is use of statistics in accounting?

1126