11.2.3.8 Outgoing Collection (Final)
Table 11-91 Stage
| Stage | Clean / Doc | Sight/Usance | Bill Under LC |
|---|---|---|---|
| FIN | CLE | Sight/Usance | Not Applicable |
| FIN | DOC | Sight/Usance | Optional |
Table 11-92 Accounting Entries
| GL Type | A/C Type | Dr/Cr | Account Description | CCY | Amount |
|---|---|---|---|---|---|
| Real | Income | Cr | Charges earned. | LCY | Equivalent charge amount in LCY. |
| Real | Customer /Account Receivable | Dr | Customer/Charges Receivable. | CCY | Equivalent amount of charges in the charge currency if it is a Account Receivable else equivalent amount of charges in Customer Account Currency |
| Real | Nostro /Vostro | Dr | Nostro / Vostro Account of Settlement | CCY | Equivalent amount of principal being liquidated in the currency of the Nostro/ Vostro Account. |
| Real | Customer /Account Payable | Cr | Customer/ Account Payable | CCY | Equivalent amount of principal being liquidated in the contract currency if it is Account Payable else equivalent amount of principal being liquidated in the Debit Account Currency. |
Table 11-93 Advices
| Advice Type | Advice Description |
|---|---|
| PAYMENT_ADVICE | Payment Advice |
Parent topic: LIQD - Contract Liquidation