Cash collection Accounts receivable is the recovery of cash with which you have issued a commercial document relating to what?
Cash collection Cash collection Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Letter of credit In modern business practice, a letter of credit (LC) also known as a Documentary Credit, is a written commitment by a bank issued after a request by an importer (foreign buyer) that payment will be made to the beneficiary (exporter) provided that the terms and conditions stated in the LC been met, as evidenced by the presentation of specified documents.