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buyer, seller, and third party facilitating (providing gateway/finds transfer)
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What is irrevocable revolving nontransferable documentary letter of credit?
it's a business transaction done between 02 parties and a bank holding credit
What are the major documents for credit transaction?
what are the major documents used in credit transaction
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
Is payment by check a credit or cash transaction?
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
What is meant by transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is meant transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is the minimum amount for a party to enter into a credit default swap?
There is no "minimum amount" required for a party to enter into a credit default swap. The market for CDS products varies and terms are set by both parties agreeing to enter into the transaction.
Who wins in credit transaction?
the loaner
How do you know if a transaction is already approved for a government credit card?
The transaction list displays an Approved status for the transaction
What is meant by paper transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
Is trade debtors a debit or credit transaction on the trial balance?
credit
