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A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

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Q: What is Journal entries for letter of credit?
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Continue Learning about General History

Closing journal entries are dated in the journal as of?

Closing journal entries are dated as of the last day of the financial year that you are closing. For example, it you use a calendar year and are closing the period from January 1, 2012 through December 31, 2012, your closing entries would be as of "December 31, 2012." If you had a fiscal year which ran (for example) from October 1, 2011 through September 30, 2012, your "fiscal year 2012" closing entries would be dated "as of" September 20, 2012, because that is the last day of the financial year that you are closing, even if you physicially make the entries after that date.


Billing a customer for work done journal entry?

Debit Receivables Credit Income/Sales when cash is received: Debit Cash Credit Receivables


In history terms what does primary mean?

Usually refers to a primary source such as a journal, photograph, letter, etc.


What does journal mean in Roman?

There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".There is no Latin word "journal". But if you mean the Latin word for journal, it is "ephemeris".


What is a collection of individual permissions in the form of access control entries?

The ACL (Access Control list) has the individual ACE entries.