What Is LC Mode Of Payment? An LC is a commitment by a bank on behalf of the buyer that payment will be made to the exporter, provided that the terms and conditions stated in the LC have been met, as verified through the presentation of all required documents. The buyer establishes credit and pays
What Is Meant By The Balance Of Payments? The balance of payments (BOP) is an accounting of a country’s international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit.
What Is The Entry For Accounts Receivable? Account Receivable is an account created by a company to record the journal entry of credit sales of goods and services, for which the amount has not yet been received by the company. The journal entry is passed by making a debit entry in Account Receivable and corresponding
What Is The Journal Entry Of Accounts Receivable? Account Receivable is an account created by a company to record the journal entry of credit sales of goods and services, for which the amount has not yet been received by the company. The journal entry is passed by making a debit entry in Account Receivable and
How Do I Stop Unauthorized Debits From My Bank Account? Contact your bank or card provider immediately if you suspect an unauthorized debit or charge. If a thief charges items to your account, you should cancel the card and have it replaced before more transactions come through. Can I block someone from taking money from
How Do You Book Allowance For Doubtful Accounts? The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company’s balance sheet, and is listed as a deduction immediately below the accounts receivable line item. This deduction is classified as a contra asset account. How do you record
What Does Debit Resequencing Mean? What does debit resequencing mean? Another big-bank practice is called “debit resequencing”; the bank processes the debits and credits to an account in a way that causes account balances to fall faster, thereby boosting potential overdraft fees. What does it mean when a bank reorders transactions? What Does Reordering Transactions
How Old Do You Have To Be To Get A Debit Card In Colorado? Yes, if your child is age 8 to 18, the Teens-in-Charge account offers debit card and check access. A parent or legal guardian is required to be on the account as a joint owner. Can I get a debit card at