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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is Letter of Credit?
 Question Submitted By :: Pnv Srinivasu
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Letter of Credit?
Answer
# 1
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 ?    13 Yes 0 No
Pnv Srinivasu
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is accounting entries to be made in TAlly for stock (rice, cocunut, oils etc.,) used for food (like idly, dosa etc.,) pls guide us  2
Paid a cheque for Rs 26500/- to Vishnu traders on behalf of Haritha trders for material supply  1
diff. among all version in tally as; 4.5, 5.4, 6.1, 7.2, 8.0, 9.0, 9.2, all1
EXPAND_________SEBI  4
Expand ________CAP  3
can we assign one more currency to the client HCL2
why a fixed cost is said to be fixed? HP7
which type of account is income tax is it a personal,real or nominal or what? Asian-School-of-Business-Management1
diff between eqiuty share & preference shares  1
Why the closing stock will not appear in the Trial Balance?  2
Expand ------FCC  3
fill in the Blanks Working capital=____________________________  4
What is Debt and What is Equity? Capital-IQ2
share premium? Capital-IQ20
WHAT IS PROSPECTUS? India-Infoline12
what is basic accounts rule? Syntel13
What do you mean by the word Purchase  3
what is journal?  8
if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know? Genpact4
What is the difference between Direct expenses and Indirect expenses? FIC16
 
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