Question
Which of the following types of documentary credit
allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exact terms of the credit?Solution
A revocable letter of credit allows the terms and conditions to be modified or canceled by the importer (buyer) or issuing bank without the beneficiary's consent. This can result in the exporter being paid even if the documents do not fully comply with the letter of credit terms, as long as the changes are acceptable to the involved parties.
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
 The amount payable on application on every security shall not be less than how much of the nominal amount of the security?
________ examines and evaluates a firm's or individual's financial records to derive evidence used in a court of law or legal proceeding.
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 Authorised capital of a company is Rs.5 lakh and 40% of it is paid up. What would be the tangible net-worth of the company if it reported Loss during...
What do ethics most closely relate to?
Which of the following account, having a normal balance, will be shown on the debit side of a trial balance?
Which of the following estimation doesn’t date back to India’s pre-independence era?
Compute M2 supply of money from the following data:
FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of...
