Answer Posted / abdul

Letter of credit is a document which is issued by the bank
for their client.Bank Guarantee is also a document and
issued by the bank for their client.LC is used for purchased
goods & services(mostly used in Export & Import activities).
These documents are mentioned certain terms & Condition for
payment such as beneficiary account detail,Packing List of
Delivery goods,Total Amount,Partial Delivery details,Date of
Delivery,Expiry date of this document etc.But Contract of
Guarantee is giving for Particular Percentage of amount
holding in contract capable person (which is using mainly in
Construction business for quoting some Valuable tender .It
is automatically expiry after contract period finish )

Contrast bookkeeping and accounting

1001

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What a deferred asset is and give an example?

1039

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What are control ledgers?

1140

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Financial Accounting

2255

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My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

1860

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What steps would you take to locate the errors in case trial balance disagrees?

1026

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while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2397

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Explain what is balance sheet?

1076

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What is quality discount?????//// pls mail ur answers at my e - mail ID : kamalsodhi24@gmail.com

2352

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i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2036

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How you can adjust entries into account?

1159

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Tell us how can you define departmental accounting?

1007

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Explain the concept of responsibility accounting

986

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Journalise- opened a saving a/c with S.B.I. ?

1711

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can we change date in tally.erp s/w in educational mode ?

1596

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