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 the meaning of LETTER OF CREDIT?

Answer Posted / janardhan

A letter of Credit is Basically a Document issued by bank
Guaranteing a clients Ability to pay for goods or services.
A bank or finance copany issues a letter of credit on
behalf of an importer or Buyer.

Is This Answer Correct ?    41 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

fiscal year variant Vs posting period variant

2082


Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.

2047


EXPAND______________ICT

1955


All Accounting Question Related Send Me ..

2140


whst is detailed information aboutaccounting standards 20to 29

2056


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

2244


capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

2283


how standard costing techniques are applied in manufacturing sectors

2214


please provide wct retun guide line how can prepaire that

2405


what is the difference between Tally ERP and SAP FI ECC?

2418


Expand-----RTD

2048


plz send me the apptitude question papers of wipro

2094


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

2304


Do v call director in the partnership firm?

2131


What is outsider equity and time interest period ratio?

1925