Difference Between
Difference Between Letter of Credit and Bank Guarantee A Letter of Credit (LC) and a Bank Guarantee are both financial instruments used in international trade and business transactions to mitigate risks, but they serve different purposes and function differently. 1. Purpose Letter of Credit (LC): An LC is primarily used […]
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Difference 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 […]
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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 and 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 […]
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