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What is meant by payment term OA 90 days?
Payment term OA 90 days refers to "open account" payment terms where the buyer is allowed to pay the seller within 90 days after the invoice date. This arrangement typically indicates a trust-based relationship, as the seller ships goods or provides services without requiring immediate payment. It is common in business-to-business transactions, allowing buyers to manage their cash flow effectively while still receiving the products or services needed.
What is meant by payment term OA 60 days?
OA = open account
What is meant by payment term OA 30 days?
open account 30 days..
What is meant by refund?
To refund is to give back the payment made, usually due to a cancelled order or unsatisfactory service and/or returning of a money guarantee as part of a payment deal.
What is meant by unlimited liability of a partner?
it means that the personal assets of the partner may be used for payment of debts..
What is meant by Payment by documents through bank?
Payment by documents through your bank is how you have made your payment. The document could be your check.
What is meant by the term payment terminals?
A Payment Terminal refers to the keypad and LCD monitor device used by many business to allow credit and debit card transactions. Usually the credit or debit card is "swiped" through the terminal, and instructions for completing the transaction are given on the screen and by the cashier.
What is meant by favourable balance of payment?
The function and object of business is to make balance of payment favourable by increasing exports and decreasing imports, because this position makes the country prominent in the world
What is meant by ZN payment terms?
ZN payment terms refer to "zero net" payment terms, which imply that the payment due is either zero or adjusted against other transactions, often used in business-to-business agreements. This can occur when the buyer and seller offset their receivables and payables, leading to no actual cash transaction. Essentially, it simplifies the settlement process by negating the need for direct payment when balances are settled.
What is meant by administrative system in business?
What is meant by administrative system in business? What is meant by administrative system in business?
What is meant by shunting of a circuit?
Shunting of a circuit is the electrical terminology for bypassing a circuit.
What is meant by sale through c form?
Schedule C is the form that is used to report business income and to take necessary business deductions related to the income produced from the business.
What is meant by the term business executive program?
The Business Executive Program is used to help business travellers ease through the customs process easier. It is used for business travellers between India and the USA.
What is meant by a current account deficit on balance of payment?
it is down
What is meant by saying a proposed payment is correct'?
That the payee and dollar amount are accurate, and payment has not already been made.
What is meant by saying a proposed payment is correct?
That the payee and dollar amount are accurate, and payment has not already been made.
What is meant by spin off?
In corporate terminology new organization or entity formed by a split from a larger one
