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Competition is stiff for openings across professions and locations, so the stronger the profile you present, the better your chances are to stand out favorably as a candidate. Of course, having a degree or academic credits can give your profile a crucial advantage, whether you're applying for college or a job. Fortunately, going to school isn't the only way: professionals also master their skills through hands-on learning and attain perfection through practice. Taking a Prior Learning Assessment (PLA) could help provide the credentials you need to underscore your expertise, validate your experience, and earn college credits. To understand why taking a PLA could be a genius move for you, you first need to know what a PLA is, and how it works.(adsbygoogle = window.adsbygoogle || []).push({});
The correct use of debits and credits is extremely important when dealing with basic accounting practices. If your knowledge and ability to implement these items is decent it will be a great way to further yourself in the field of accounting. Thus, in turn if you do not have a good grasp on what these concepts are, you will have a very hard time advancing through a career as an accountant. So, as you can see the use of the techniques is very important so that is why I have decided to help explain them as a way to expand your knowledge.
The first thing to do is explain what is meant by debits and credits. Debits and credits are booking keeping terms for accounts as each account we deal has both a debit side and credit side. These debits and credits are recorded in two separate columns with the debit on the left side and the credit on the right side. When they are separate it allows the accounts to be added up and kept in neat order. The main use of the debits and credits is for changing an account balance. To know what side of the account to put the recent activity is very important, so you have to memorize which side increases and which decreases to keep your books up to date. It is also important for you to know debits and credits so you can be quick and efficient as well as up to date with your bookkeeping so you can also keep the business or your work in line.(adsbygoogle = window.adsbygoogle || []).push({});
Introduction:
Documentary Credit is one of the common international payment methods adopted by companies in Nigeria for the settlement of international trade obligations. Very many international exporters accept such documents issued by Nigerian banks. These exporters are taking the risks of local banks while others require the confirmation of other 'international banks' based in Europe, North America among others for some of the local Documentary Credits.
Nigerian Banks comply with the provisions of International Chamber Of Commerce Rules for Documentary Credits (ICC Publication Number 600, 2007 edition). This defines a Credit as: 'any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation'.
In other words, this document can be seen as a commitment given by a bank on behalf of its customer to pay the seller of goods/services certain amount of money provided the seller presents documents called for under the credit and meets other terms and conditions specified therein within prescribed time.