0
What else can I help you with?
What is a Arrangement for deferred payment for goods and services?
credit
What does standard of deferred payment mean?
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made using a particular monetary unit. It differs from other functions of money in that it is not functioning as an immediate medium of exchange or store of value but, rather, as a medium by which future payments will be made.
Why used deferred lC?
Deferred LC is very usefull for both importers and exporters. 1-Importer does not hav to pay in-advance when uses deferred lc 2-but exporter guarantees that he will get the payment in a certain time after shipment and also if he wants he can discount in on the same day or on any days when the LC is booked. 3- deferred LC helps to the buyer who does not have cash but has credit in his bank 4- deferred LC helps to the seller, so he does not have to look for a buyer who has only cash money.He can discount the LC with a very low cost anytime.
What is money and what functions does it serve in the economy?
Money is a medium of exchange that is widely accepted in transactions. It serves as a unit of account, a store of value, and a standard of deferred payment in the economy.
What is money?
Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[4][5] Any kind of object or verifiable record that fulfills these functions can be considered money.
When was Payment Deferred created?
Payment Deferred was created in 1926.
What is the duration of Payment Deferred film?
The duration of Payment Deferred - film - is -4860.0 seconds.
Deferred payment and interest?
Is deferred interest deductable
How do you record a deferred payment?
To record a deferred payment, first, create a liability account to recognize the obligation to pay in the future. When the payment is initially recorded, you would debit the appropriate expense account and credit the deferred payment liability account. When the payment is made, you would debit the deferred payment liability account and credit cash or accounts payable. This ensures that the expense is recognized in the correct period while reflecting the liability until payment is completed.
What are the differences between hire purchase transaction and deferred payment?
give three similarities and three difference between hire purchases and deferred payment
What is a Arrangement for deferred payment for goods and services?
credit
What are the release dates for Payment Deferred - 1932?
Payment Deferred - 1932 was released on: USA: 7 November 1932 USA: 2 August 1939 (re-release)
What does deferred payment price mean?
It means that you pay a lump sump and then monthly instalments for a specific time period and then you pay the remaining balance to own the car
What is the opposite of advance payment?
The opposite of advance payment is a deferred payment. In a deferred payment arrangement, the payment is made after the goods or services have been delivered or rendered, rather than upfront. This can allow buyers to receive the product before committing to payment, often used in credit or installment agreements.
What are the release dates for Police Story - 1973 Payment Deferred 4-1?
Police Story - 1973 Payment Deferred 4-1 was released on: USA: 21 September 1976
When are Deferred payment accepted?
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made..
How will a deferred payment look on your credit?
If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.
