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LC - letter of credit

PDC - post dated cheque

CDC - current dated cheque

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13y ago

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What does PDC stand for?

p= park d= distance c=control


When dissconecting a PDC under load which two phases are opened first and simultaneously?

a and c phase


What is c for down payment?

full payment one time


What are the journal entries for post dated cheques issued?

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.


How is a dividend payment recorded?

profit transfering to capital p&l a\c ...dr to capital payment capital a\c ...dr to cash


What is letter of credit at site?

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


How can you pass entry for bank payment?

ABC A/c Dr. 20000.00To Bank A/c Cr. 20000.00


Can you make a partial payment to the chapter 13 trustee?

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.


What is cheque name for vat payment?

Sbi a/c commercial tax


What is the journal entry payment after cutting tds?

Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.


What is 3b - c?

They are 2 terms of an algebraic expression in the form of: 3b -c


What does c stand for in mathematical terms?

Cups