What is Bill of Lading?
Bill of documents is issued by the ship owners where the shipowner declare that they have received the goods for …
Month: August 2018
Landed Cost : Definition, Calculation Techniques etc.
As an accountant you may often confuse how to calculate the landed cost of your imported goods. Even some accountants …
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PRESENTATION CURRENCY
A Company may present its financial statement in different currencies. In which company presents its financial statements is the presentation …
FUNCTIONAL CURRENCY
Functional Currency is the currency in which the entity operates its economic activity. Normally functional currency is local currency but …
DISCOUNT RECEIVED
Discount are very popular terms in present business. It can be considered as another form of business promotion to influence …
What is Debit Note and Credit Note?
Debit Note Debit note or Debit Memorandum (memo) is one type of commercial document which is issued by a buyer …
PREFERENCE SHARES
Preference Share are one type of special shares which has fixed rate of dividend and they posses special rights over …
Nostro Account & Vostro Account
NOSTRO Account “Nostro” is an Italian word which means ‘ours’. Hence Nostro Account points at – ” Our Account with …
PROFORMA INVOICE (PI)
Proforma Invoice (PI) is an estimated invoice sent by a seller to a buyer in advance of a shipment or …
What is Letter of Credit? What are the procedures of Opening a Letter of Credit?
What is a Letter of Credit? Letter of Credit (L/C) is one kind of guarantee in the form of a letter that is …
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