What are the key differences between domestic and International Business? Key Differences between Domestic and International Business Definition of Domestic business and International business Domestic business is the kind of trade that is limited geographically within a country. A domestic business involves commercial exchanges that are only done within that country . A […]
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Difference between TT (Selling) Rate and B.C (selling) Rate TT (Selling) rates are used for remittance from one country to another by telegraphic transfer and payment involves no loss of interest profit. BC (selling) rate is applied against the import, which requires some extra work. Therefore the rate represents the […]
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Difference between Letters of Credit vs. Documentary Collection Letters of Credit in a Nutshell A letter of credit is an arrangement where an issuing bank (typically, the buyer’s or importer’s bank) unconditionally guarantees to pay the seller’s bank when the goods are delivered along with specific documents containing very precise […]
Read moreDifference between Fund Flow Statement & Cash Flow Statement Difference between Fund Flow Statement & Cash Flow Statement CASH AND FUND FLOW The statement of change in financial position is known as “ Fund Flow Statement “. Because Fund Flow shows the amount in change in various balance sheet items […]
Read moreDifference Between Letter of Credit and Bank Guarantee Letter of Credit (L/C) is a financial instrument, used as an evidence of creditworthiness, issued by the bank of the buyer, concerning his credit history. L/C is often confused with a bank guarantee, as they share some common characteristics like both play […]
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