LC - letter of credit
PDC - post dated cheque
CDC - current dated cheque
p= park d= distance c=control
a and c phase
full payment one time
When a post-dated cheque is issued, the company records it as a liability until the date on the cheque. The journal entry to record the issuance of a post-dated cheque involves crediting the bank account (decreasing cash) and debiting a liability account such as "Post-Dated Cheques Payable." On the date the cheque is cashed, the company will reverse the initial entry by debiting "Post-Dated Cheques Payable" and crediting the bank account. This ensures accurate tracking of outstanding liabilities and cash flow.
profit transfering to capital p&l a\c ...dr to capital payment capital a\c ...dr to cash
Letter of credit at site is a kind of Letter of Credit. It is basically when the bank has to release the payment when the goods reach the specified site as agreed upon in the terms and conditions of the L/C or the transaction
ABC A/c Dr. 20000.00To Bank A/c Cr. 20000.00
You should check with your c 13 trustee. In general you can make a partial payment, but if the next payment is also a partial payment, or if you do not make up the difference, the trustee will file a motion to dismiss your case. It is always a good idea to let the trustee's office know your next payment will be short and why, and when you expect to get caught up. If you will not be able to continue the c. 13 payments as set forth in the plan, you may be able to end your c. 13 early or convert to a c 7. Consult your bankruptcy lawyer.
Sbi a/c commercial tax
Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.
They are 2 terms of an algebraic expression in the form of: 3b -c
Cups