What is meant by Bills of Exchange & Letter of Credit ,How the transaction entry would passed under financial

Question

i am not familiar with transaction regarding Bills of exchange & Letter of Credit ,Send me detail?

Answer 1

The best source of information on the net is found here...

http://www.creditmanagementworld.com/letterofcredit.html

Be sure to read the articles dealing with international letters of credit AND the glossaries. The information provided should answer all of your questions.

Bookmark the site for future reference. It will come in handy!