what is the meaning of LETTER OF CREDIT?
Answer Posted / joseph
Letter of credit is opened by a bank in favor of it's
customer undertaking the responsibility to pay the supplier
or the supplier's bank in case it's customer fails to make
payment for the goods purchased from the supplier with in
the stipulated time.
Is This Answer Correct ? | 17 Yes | 0 No |
Post New Answer View All Answers
what tax will be on puchasing of sweets and is necessery to use form 38.
What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?
What is cash clearing account
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
what is differred tax liability? explain in detail with some example.
what do u mean by single error and double error in accointing errors?
why gross profit transfering to profit & loss account
My BASIC Salary is 18,000
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
How Are The Balance Sheet And Income Statement Connected?
Expand-------NAST
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books