Articles, Blogs & Guides on Articles on General Accounting

What is A Line of Credit? Meaning, Types And Uses of Line of Credit

A line of credit is a loan account that allows businesses or other entities to draw funds as and when they need them on an ongoing basis. It acts as an open-ended loan in which the lender decides the maximum credit amount that a business can access, giving the borrower the flexibility to draw funds whenever they need them.

Articles on General Accounting

04 July 2022

Trade Credit Insurance (TCI) - Meaning, Coverage, Policy & Types

Trade credit insurance is an exclusive insurance policy designed to protect businesses from non-payment of commercial debt. It is a reimbursement guarantee provided for firms if the buyer fails to pay within the agreed credit period.

Articles on General Accounting

17 November 2021

How to Apply for a Business Pan Card - A Step by Step Detailed Guide

A PAN Card is mandatory for any individual or organization undertaking business in India. This, naturally, applies to export businesses as well. This quick guide explains why your export business needs a PAN, and the steps for applying and registering for your own export business's PAN.

Articles on General Accounting

17 November 2021

Foreign Exchange Management Act (FEMA) - Regulations, Guidelines & More

Since it was drafted in 1999, the Foreign Exchange Management Act (FEMA) by the Reserve Bank of India (RBI) has been the legislation guiding the administration of India's foreign trade and forex reserves. We take a look at the Act's salient features and key points.

Articles on General Accounting

16 November 2021

Interest Equalisation Scheme | Everything Indian Exporters should know

By allowing banks to offer lower rates of interest to exporters, the government's Interest Equalization Scheme (IES) has become a mainstay of export credit provisions for Indian exporters.

Articles on General Accounting

16 November 2021

How Bill Discounting Can Help Exporters Like You

Bill discounting is an arrangement that facilitates the inflow of working capital for exporters. Also known as invoice discounting or invoice factoring, such an arrangement can be made with a bank or a financial institution, where it releases funds to an exporter against the export invoice submitted.

Articles on General Accounting

16 November 2021

Bank Guarantee | Meaning, Process, Format & more

A bank guarantee is a financial instrument wherein a bank acts as the guarantor of the liabilities undertaken by the borrower/applicant. In other words, the bank agrees to pay the amount in case the borrower is not able to fulfil the conditions of the agreement.

Articles on General Accounting

15 November 2021

Export Payment Terms - CAD, DP, DA, LC, OA & Advance Payments

In-depth coverage of the payment options, their benefits & limitations available to exporters. LC, OA (open account), CAD (cash against documents), DP, DA & more

Articles on General Accounting

15 November 2021

How to Open a Current Account?

While setting up an export business, a bank account for the company's finances is an obvious requirement. However, a lot of banks offer multiple account types, so which is the right fit for you? This guide takes a look at the the options as well as the procedure needed to set your business's bank account.

Articles on General Accounting

15 November 2021

Overdraft Facility - Meaning, Features & How to Apply Overdraft Facility

An overdraft is a facility provided by the bank through which an account holder can borrow up to a certain sum once the account balance reaches zero. The lender levies interest or an overdraft fee on the borrowed amount, and the money is to be returned within stipulated time frames.

Articles on General Accounting

27 October 2021

Working Capital Loan | Meaning, Process, Types & more

A Working capital loan is a loan that is offered to businesses and companies to carry out their day to day operations. These are mostly short-term loans and are taken by the companies to cover their immediate operational costs like salaries, rent, sales and marketing costs, etc.

Articles on General Accounting

13 July 2021

Marine Insurance | Meaning, Types, Benefits & Coverage

Insuring your cargo and exports seems like an obvious decision, but is often overlooked by exporters. Here's why you need Marine Insurance and how to choose the right policy for you.

What is A Line of Credit? Meaning, Types And Uses of Line of Credit

Trade Credit Insurance (TCI) - Meaning, Coverage, Policy & Types

How to Apply for a Business Pan Card - A Step by Step Detailed Guide

Foreign Exchange Management Act (FEMA) - Regulations, Guidelines & More

Interest Equalisation Scheme | Everything Indian Exporters should know

How Bill Discounting Can Help Exporters Like You

Bank Guarantee | Meaning, Process, Format & more

Export Payment Terms - CAD, DP, DA, LC, OA & Advance Payments

How to Open a Current Account?

Overdraft Facility - Meaning, Features & How to Apply Overdraft Facility

Working Capital Loan | Meaning, Process, Types & more

Marine Insurance | Meaning, Types, Benefits & Coverage

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