Blog Articles

Nov 03, 2020

Cheque

A Cheque is an order to your bank to pay the stated sum from your account, written on a specially printed paper. It is a negotiable financial instrument unless otherwise stated.

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Oct 30, 2020

PAN (Permanent Account Number)

Permanent Account Number is an unique 9 digit number which is issued by the government to all the taxpayers and TDS withholding agents.

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Oct 29, 2020

Letter Of Credit ( L/C )

Letter of Credit ( L/C ) is an undertaking issued by a Bank ( Issuing Bank ), on behalf of the buyer ( importer ) to the seller ( exporter ) to pay for goods and services provided that the seller presents documents which comply with the terms and conditions of the Letter of Credit ( L/C ).

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Sep 17, 2020

Exchange Rates

Exchange rate is basically determined based on its market demand and supply. However, in some cases it may be determined based on the mutual agreement between the two countries. For example: exchange rate between Nepali and Indian currency is fixed by the mutual agreement between the Government of Nepal and Government of India.

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