When and who prepares Letter of credit and is any relation
with bill of exchange? pleas breaf with examle.
- 3 Answers
- 5033 Views
- I also Faced
- E-Mail Answers
Answer Posted / abdul
Letter of credit is Letter from bank to receive our loan
amount for exporting materials purchased.usually banks
first give that amount,after taking that loan amount
through our foriegn buyers paid our payment like bill of
exchange with interest.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is outsider equity and time interest period ratio?
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
what is cost accountinp
What is fixed liabilities
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
How i pass the share holders capital entry in Tally? How to set this option in Tally?
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Interest earned on investments is an__________
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
