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LC is Letter of credit
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∙ 15y ago
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What is the meaning of LC in accounting?
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee
Murhaba lc and cash lc difference?
I guess the question itself is written in a wrong way, i guess that the question means Murabaha not murahba since there is nothing called "murahba LC", but there is "Murabaha LC" or to be adequate "LC Murabaha" This is a sharia compliant product used in importing goods through islamic banks or financing companies. It is differ from Cash LC that the later requires the LC amount to be ready with the importer while the other option Murabaha will be financed by the Bank
What is a LC opening?
what is lc opening?
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
What are the necessary journal entries passed while opening the letter of credit?
The following entries you can pass while opening LC's. You can open a control account to maintain how many LC's are opening and settling Example ABC company establishing an LC on the Supplier XYZ company for $ 300,000 in SCT Bank You can open a control account to keep the track of all your LC Transactions is that is opening and closing First Entry: XYZ Company Dr $ 300,000 to SCT Bank LC Establishing Account $300,000(Control Account) Being LC establised in the SCT Bank Second Entry: When you accept the LC ( Liability) that means your goods reached your port and bank send you documents arrival advice SCT Bank LC Establishing Account $ 300,000 (Control Account) SCT Bank LC Acceptance Account $ 300,000 (Liability Created) Third Entry: SCT Bank LC Acceptance Account Dr $ 300,000 To SCT Bank Account (Amount Settled to Party) Fourth Entry Purchase A/c Dr $ 300,000 XYZ Company $300,000 First entry you debited Xyz Company and Fourh Entry you Credited First Entry You Credited SCT Bank LC Establishing Account and Second Entry you credited Second Entry you credited LC acceptance account and Third entry you debited Fourth Entry you Debited purchases and Credited Bank that means your total LC recorded from the opening to settling.
What is the difference between LC and RC filters?
LC means coil capacitance circuit RC means resistance capacitance circuit
Were is LC at on grand theft auto4 on xbox360?
LC means liberty city. GTA4 is Liberty City. >.<
What is LC in accounts?
rdLC in accountancy means ledger card.
What is the meaning of LC in accounting?
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee
Murhaba lc and cash lc difference?
I guess the question itself is written in a wrong way, i guess that the question means Murabaha not murahba since there is nothing called "murahba LC", but there is "Murabaha LC" or to be adequate "LC Murabaha" This is a sharia compliant product used in importing goods through islamic banks or financing companies. It is differ from Cash LC that the later requires the LC amount to be ready with the importer while the other option Murabaha will be financed by the Bank
What does LC stand for in LC connector?
LC stands for Lucent Connectors
Are jaguarundi endangered?
No. In fact on the Conservation status chart it has LC. This means Least concern.
What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is a LC opening?
what is lc opening?
What is an LC Smith worth?
100 to tens of thousands of USD depending on EXACTLY what you have. side by side/12 guage/ great shape
What is an LC?
LC means long course meter pool, the Standard Olympic Distance. Answer It means a pool 50 metres long so 100 metre events can take place by doing 2 lengths SC is a 25 metre pool
What does LC mean?
lc = learning centre
