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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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Related Questions

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


How do a commission agent in country A guarantee himself that an overseas seller from country B will pay him his commission on time when the Seller is paid by the overseas Buyer from country C?

A commission agent in country A can secure timely payment by establishing a clear contractual agreement with the overseas seller from country B, outlining the payment terms and conditions for the commission. Additionally, the agent could request a letter of credit or an escrow arrangement, which ensures that funds are set aside for the commission once the seller receives payment from the buyer in country C. This minimizes the risk of non-payment and provides a structured process for receiving the commission promptly.


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


How do you simplify 3b 11c-4b-c?

To simplify the expression (3b + 11c - 4b - c), first combine the like terms. For the terms with (b), subtract (4b) from (3b) to get (-b). For the terms with (c), subtract (c) from (11c) to get (10c). Thus, the simplified expression is (-b + 10c).


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.