When and who prepares Letter of credit and is any relation
with bill of exchange? pleas breaf with examle.
- 3 Answers
- 5055 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
genpact uk based shift timings? and R2R job profile?
What are the benefits ofparticipation in a depository?
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
commisiion recieved journal entry and receipt required
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
what are Blue-Chip companies?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
what do u mean by arrear basic or arrear hra?
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
Mostly what type of manufactures are coming under TDS and basic rate for each category
Short Answer on ________Adjusting Entries
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
state and explain THREE types of situation to which accounting concept might be applicable
what is pre settlements and post settlements in Derivatives?
