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Meaning - "Devolving of LCs"

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(Querist)
14 July 2008 Recently I read that:


Study of Bank statment with its reconciliation with books of accounts gives an idea about "Incidence of devolving of LCs".



Please let me know the meaning of "Devolving of LC.s"
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Taranjit Singh

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Taranjit Singh (Expert)
03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....
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Taranjit Singh

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Taranjit Singh (Expert)
03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....
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