I wanted to know the meaning of "Usance Period" used in case of Letter of Credit.
I also wants to know the exact accounting entry to be passed in case of LC transaction.
Menu
Usance Period
Replies (1)
Hello sir, " Usance Period means the period of time Permitted by Commerical Usage for the payment of a Bill Of Exchange( ESPECIALLY a Foreighn Bills of Exchange)"
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
