![FIN General Ledger, FIN Treasury](https://i0.wp.com/www.erpqna.com/wp-content/uploads/2021/09/Finan6.jpg?resize=730%2C410&ssl=1)
1. Letter of Credit (LC): A letter of credit or LC is a document issued by the importer’s bank (opening bank) on importer’s behalf. Through its issuance, the exporter is assured that the issuing bank will make a payment to the exporter for the international trade conducted between both the parties. The importer is the […]