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
The journal entries for PDC's issued are the following;1. Debit the Prepaid Expenses a/c.(Rent,etc)2. Credit the PDC Payable a/c.When one PDC becomes due and the chq.encashed;1. Debit the Expenses a/c.(Rent,etc.)2. Credit the Prepaid Expenses a/c.3. Debit the PDC Payable a/c.4. Credit the the Bank a/c.
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
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.
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
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).
Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.