on 01-05-2010 6:25 AM
Dear Gurus,
I have identified two payment terms LC00 and LC02, which are of L/C at Sight. My questions are
1) What is the difference between both of them?
2) for both of them, the payment term calculation takes into consideration the Goods Reciept date or Invoice Date or Bill of Lading Date?
Thank you for your responses.
Hi
Kindly chek in the below path
IMGMaterial management->Purchasing-->Vendor master->Define terms of payment
Regards
Damu
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I have identified two payment terms LC00 and LC02
Do you mean to say that both are "LC at Sight" ??
the payment term calculation takes into consideration the
Goods Reciept date or Invoice Date or Bill of Lading Date?
If the terms is LC at Sight, billing date should be considered.
thanks
G. Lakshmipathi
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