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How to distribute payment document

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hi everyone well be looking at documentary collection method DP which is also known as documents against payment as per our previous video the importer and exporter are new to each other there is no trust between both parties they cannot compromise rather to have open account or advance payment so they need the help of the bank whom they can trust to assist them for this the bankers invented two methods to solve the problem which are documentary collection method and documentary credit methods under documentary collection method there is site a nuisance method for site the collection method is called documents against payment DP for you sons it is called documents against acceptance which is da in this video we shall look at that DP method in this presentation on documentary collection we have the exporter also known as the principal and we have the importer known as we draw we both of them have entered into a self contract whereby they have agreed that the method of payment will be

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What are the 3 payment methods?

Traditionally, cash, debit cards, credit cards, and checks were the main types of payments. Now, more advanced forms of digital payments are becoming more popular. This includes online payment services, digital currencies, and electronic transfers.

What does distribute payment mean?

Distribution Payment means (i) the payment by the Issuer of any dividend or other distribution on any Equity Interest in cash or Cash Equivalents and (ii) the reduction of capital by the Issuer paid with retained earnings or free reserves.

What is the document that is prepared to authorize payment?

A purchase order (PO) is an official document, created by the buyer, which authorizes a purchase transaction for goods or services from a supplier.

What are the documents required for payment?

Contents 1.1 Bill of Lading. 1.2 Certificate of Origin. 1.3 Commercial Invoice. 1.4 Consular Invoice. 1.5 Import License. 1.6 Packing/Weight List. 1.7 Proforma Invoice.

What are the types of payment proof?

A proof of payment can be a receipt (either a scan, a photo or a PDF) or a screenshot from your online bank, clearly showing the following: your details we need to see your name and account number, and your banks name.

What are the main forms of payment?

Payment Options Cash. Checks. Debit cards. Credit cards. Mobile payments. Electronic bank transfers.

How many methods of payment are there?

And under each method (say, credit cards), you have a host of options (Visa, Mastercard, and American Express, to name a few). In fact, there are more than 200 alternative payment methods worldwide.

What is distribution payment?

A distribution is a companys payment of cash, stock, or physical product to its shareholders. Distributions are allocations of capital and income throughout the calendar year. When a corporation earns profits, it can choose to reinvest funds in the business and pay portions of profits to its shareholders.

What is the meaning of distributions?

Definition: Distribution means to spread the product throughout the marketplace such that a large number of people can buy it. Distribution involves doing the following things: 1. A good transport system to take the goods into different geographical areas.

What is meant by distribution in accounting?

Accounting distributions are used to allocate monetary amounts for a source document to specific ledger accounts. Accounting distributions are a program-wide capability that is used and extended by each source document, such as a purchase order, vendor invoice, expense report, and free text invoice.

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