Letter of credit [pic] [pic] After a contract is concluded between buyer and seller‚ buyer’s bank supplies a letter of credit to seller. [pic] [pic] Seller consigns the goods to a carrier in exchange for a bill of lading. [pic] [pic] Seller p bill of lading for payment from buyer’s bank. Buyer’s bank exchanges bill of lading for payment from the buyer. [pic] [pic] Buyer provides bill of lading to carrier and takes delivery of goods. A standard‚ commercial letter of credit (LC) is a document
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studies of the existing Cave Bureau environment. In this chapter‚ the researcher will be able to make design conclusions based on the research carried out‚ and make recommendations specific to the spaces undergoing redesigns. The recommendations given will include designs‚ materials and finishes. 5.2 Summary of Data Analysis and Findings 5.3 Recommendations 5.3.1 Recommendations for Interior Architecture It has been noted that because of the unique environment of the Cave Bureau‚ which consists of an art
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Debits & Credits In each and every accounting transaction‚ there are at least two elements (accounts) involved. These accounts are either debited or credited‚ with the amount that is reflected in the transaction‚ depending on the nature of the account (Real/Personal/Nominal) and the rule applicable to it. Golden universal rules of Debits & Credits Accounting elements are categorized into three groups; Real - examples are cash‚ equipment‚ furniture etc. Personal - Proprietor’s Capital
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Introduction For each error‚ describe to a recently hired bookkeeper how it would be shown on a cash reconciliation. Given the following errors: ∑ The bank recorded a deposit of $200 as $2‚000. ∑ The company’s bookkeeper mistakenly recorded a deposit of $530 as $350. ∑ The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. ∑ The bank
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role of the five C’s of credit in the credit selection activity. The five C’s of a credit system is used by lender to gauge the creditworthiness of a potential borrower. The credit selection activity weighs five characteristics of the borrower and conditions of the loan‚ attempting to estimate and gauge the probability of default. The writer is going to discuss the role of five C’s of credit which are character‚ capacity‚ capital‚ collateral and conditions in the credit selection activity. Terms
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Medication errors are preventable event that may cause or lead to inappropriate medication use or harm to a patient‚ according to the Food and Drug Administration (FDA‚ 2015). The Centers for Disease Control and Prevention states that there are over 700‚000 visits to hospital emergency as an injury result from the use of a medication (CDC‚ 2015). The CDC goes on to say that the number of adverse drug events is likely to increase due to the development of new medications‚ aging population‚ increase
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roofing contractor with a good reputation who is accredited by the Better Business Bureau or BBB. However‚ most articles fail to explain how the BBB and why it is beneficial to hire a commercial roofing contractor who is accredited by the BBB. Here are how the BBB works and what you are really getting when you hire a contractor with BBB accreditation and a great BBB score. How The BBB Actually Works The Better Business Bureau is an agency that provides accreditation to businesses within the United States
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“Credit Appraisal for Working Capital and Project Financing for Expansion” A SUMMER PROJECT STUDY SUBMITTED IN PARTIAL FULFILLMENT FOR THE REQUIREMENT OF THE TWO YEAR POST GRADUATE DIPLOMA IN MANAGEMENT (FULL-TIME) BY Surbhi Sharma 75/10 LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT‚ DELHI JUNE‚ 2011 PUNJAB NATIONAL BANK HO‚ PNB HOUSE‚ 7 BHIKAJI CAMA PLACE Dated: 20th May 2011 CERTIFICATE Certified that Surbhi
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developed economies. The protocol allows countries that have emission units to spare‚ to sell this excess capacity to countries that are over their targets. This research paper discusses what is Carbon Credit‚ its requirement‚ and its status in India and how India is gaining through Carbon Credit. Currently India holds second position behind China in the global CDM market. INTRODUCTION Climate change and global warming is happening all
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Chapter-1 Introduction Definition of banks In India‚ the definition of the business of banking has been given in the Banking Regulation Act‚ (BR Act)‚ 1949. According to Section 5(c) of the BR Act‚ ’a banking company is a company which transacts the business of banking in India.’ Further‚ Section 5(b) of the BR Act defines banking as‚ ’accepting‚ for the purpose of lending or investment‚ of deposits of money from the public‚ repayable on demand or otherwise‚ and withdrawal‚ by cheque‚ draft
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