ADVISING BANK Definition

Bookmark and Share

ADVISING BANK is a bank in the exporters country handling a letter of credit.

Learn new Accounting Terms

INVISIBLE INCOME is foreign income from sources other than the movement of goods; can include earnings from tourism, banking, shipping, insurance and investment.

TRIAL BALANCE is a listing of the accounts in your general ledger and their balances as of a specified date. A trial balance is usually prepared at the end of an accounting period and is used to see if additional adjustments are required to any of the balances. Since the basic accounting system relies on double-entry bookkeeping, a trial balance will have the same total debit amount as it has total credit amounts.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.