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Explain Letter of Credit. Procedures for opening an LC. Accounting Entries for LC?

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Question added by KRISHNA KUMAR MADHAVAN PILLAI , Senior Accountant , Al Saqr Property Management LLC
Date Posted: 2015/01/12
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Md karimul habib Ansari
by Md karimul habib Ansari , International sales & Export , Pie India Corporation

LC is an instrument for assured payments. it is an undertaking of the issuing bank to make the payment to beneficiary against Documents stated in LC

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