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Provision for discount allowed and discount received?
provision for discount received
Bring out the difference between trade discount and cash dicount?
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
Price paid after the discount is subtracted is called?
Price paid after the discount is subtracted is called the discount price. This is also commonly referred to as the net price.
What is a single trade discount?
a single trade discount is just that one trade discount.
How do you find out discount price on any commodity?
To find the discount price on a commodity, first determine the original price and the discount percentage. Multiply the original price by the discount percentage (expressed as a decimal) to find the discount amount. Subtract this discount amount from the original price to obtain the discount price. For example, if an item costs $100 and has a 20% discount, the discount amount is $20, making the final price $80.
What is MT760 SBLC?
MT760 is a Stand By Letter of Credit or SBLC. This form is the United States version of the Bank Guarantee.
What is SB LC?
SBLC stands for stand by letter of credit. An SBLC is usually issued when a financial bank guarantees a payment to their client.
Is SBLC safe?
yes, you can trust your whole life with it
Looking for Issue SBLC derict company in UK?
Looking for Issue SBLC derict company in UK? mic7928@126.com let me know if you have service ,we''ll work together.
What is the cost for a non operative sblc in the banks?
The cost for a non-operative Standby Letter of Credit (SBLC) varies significantly depending on the bank, the amount involved, and the duration of the facility. Typically, fees can range from 0.5% to 3% of the SBLC amount per year. Additionally, banks may impose application fees, processing fees, or other charges. It's essential to consult with specific banks for precise quotes tailored to individual circumstances.
What is the difference between RDLC and SBLC?
RDLC (Registered Documentary Letter of Credit) is a type of documentary credit that is typically used for domestic transactions and is often issued by banks to facilitate trade, ensuring payment upon the presentation of specified documents. SBLC (Standby Letter of Credit), on the other hand, serves as a backup payment mechanism, primarily used to guarantee a party’s obligations in case of default. While RDLC is more transactional, SBLC is often used in situations where performance guarantees are needed. In essence, RDLC is used for direct payment in trade, whereas SBLC provides assurance against non-performance.
How can take mt799 and mt760 for UK bank draft in Indians bank?
it all depends on Bank agreement and on BG or SBLC conditions.
Where can you get links to bg and sblc buyers forum?
We are one of the leading Financial instrument providers, when it comes to financial instruments such as LOAN,BG,SBLC,and MTN e.t.c. Either Lease or Sale with low rate percentage. For more enquiry please call +44-745-914-8343 wharfbroker@outlook.com MR Tony Fleetwood.Thanks.TONY fleetwood
What is BG or SBLC?
We specialize in project funding and financial lending services, offering a range of solutions to entrepreneurs and businesses seeking attractive returns on investment. Our extensive network includes providers of unsecured loans, and we assist with Bank Guarantees (BG) and Standby Letters of Credit (SBLC), sourced from reputable banks such as HSBC London and other top-rated institutions in Europe, the Middle East, and the USA. Additionally, we facilitate funding for various financial needs. Our BG/SBLC financing solutions are designed to secure funding for your projects or loan requirements. We offer annually renewable leased bank instruments, which can be monetized on your behalf for full funding. We have direct connections with issuing bank lease providers. BG/SBLC Leasing: Minimum Face Value: EUR/USD 1 million to 5 billion+ Leasing Fee: 4%+2% Purchase of Fresh Cut BG/SBLC: Price: 32%+2% Minimum Face Value: EUR/USD 1 million We welcome intermediaries, consultants, and brokers to introduce their clients, ensuring full protection and confidentiality for all parties involved. We work collaboratively for the mutual benefit of everyone. For further enquiries: Contact: rothwellpaultimothy@ gmail com Skype ID: live:.cid.f7368fbab20f0ea Whatsapp: +1 (802) 733‑1136
What is the difference between discount allowed and discount received?
discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made
What is the difference between discount allowed and discount received and their accounting treatment?
Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received
Provision for discount allowed and discount received?
provision for discount received
