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How do you discount a letter of credit?
HelloMost banks discount your letter of credit at rate of 3% to 20% but n our case we have a very strong relationship with our bank and we can for certainty discount your letter of credit at 75-80%.Please contact me if you need to discount your letter of credit or can have a letter of credit issued .my email:theswiftd@gmail.com
How can you discount letter of credit?
Discounting is an archaic term which now refers to the process of forfeiting or factoring the letter of credit
Is sales discount a debit or credit?
Credit
What does credit factoring mean?
Credit Factoring is where a business sells its invoices to a third party at a discount. In credit factoring, the third party buying the invoices is called the factor.
What do you mean by LC?
letter of credit
Is discount allowed and discount received are same as credit note issued and credit not received?
no because the discount allowed and discount received are totally diffrent and has no link with each other where as if credit note is not issued than it cant received even
Is it possible to get a discount for credit card processing?
Yes it possible to get a discount for credit card processing at many places. Many companies are giving discount for credit card processing online, but many companies charge more for credit card processing.
What is the journal entry for earned discount?
[Debit] Cash[Credit] Discount earning
What is cash discount?
A discount given to the buyer if he/she pays in cash rather than credit
Does discount allowed have a debit or credit balance in the ledger balance?
Discount allowed is debit
What is the journal entry for credit sales with discount?
Debit accounts receivableCredit sales revenue
What is the discount code on a credit card?
a discount code is not found on a credit card... i am guessing you saw this 'discount code' from a website that you were trying to buy something from... the discount code would be found on a coupon from this store. ex. if you received a coupon from walmart... you could go onto walmart.com, put in your credit card information, and enter the zode from the coupon to receive a discount.
