11.2.3.11 Outgoing Purchase (Clean)

Table 11-99 Stage

Stage Clean / Doc Sight/Usance Bill Under LC
FIN CLE Sight only Not Applicable

Table 11-100 Accounting Entries

GL Type A/C Type Dr/Cr Account Description Amount
Real GL Asset Cr Outgoing Bills purchased Bill Amount in Contract currency.
Real Nostro /Vostro Dr Nostro / Vostro Account of Settlement Equivalent amount of the Bill amount being paid in the Nostro / Vostro Settlement Account Currency

Advices

None