13. Evans plc is a UK company which is buying some goods from Tian Li Pty, a South Africa company. The companies have agreed to use a letter of credit for this contractWith regard to the role of the companies and their banks, which of the following statements is accurate ?The importer and the issuing bank are in the UK, the exporter and the advising bank are in South AfricaThe exporter and the issuing bank are in the UK, the importer and the advising bank are in South AfricaThe exporter and the advising bank are in the UK, the importer and the issuing bank are in South AfricaThe importer and the advising bank are in the UK, the exporter and the issuing bank are in South Africa14. Timely plc is reviewing security in its information system and has identified a number of risks facing it. To improve risk management of the system the company has told its employees that any computer misuse by them will result in discriptionary actionWhat aspect of risk management has Timely plc employed regarding information security ?Risk transferRisk acceptanceRisk reductionRisk avoidance

A letter of Credit (LC) is a trade document issued by the opening bank (issuing bank) on behalf of…

Answered: Evans plc is a UK company which is…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter24: Recording International And Internet Sales

Section: Chapter Questions

Problem 1ANFS

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13. Evans plc is a UK company which is buying some goods from Tian Li Pty, a South Africa company. The companies have agreed to use a letter of credit for this contract

With regard to the role of the companies and their banks, which of the following statements is accurate ?

The importer and the issuing bank are in the UK, the exporter and the advising bank are in South Africa
The exporter and the issuing bank are in the UK, the importer and the advising bank are in South Africa
The exporter and the advising bank are in the UK, the importer and the issuing bank are in South Africa
The importer and the advising bank are in the UK, the exporter and the issuing bank are in South Africa

14. Timely plc is reviewing security in its information system and has identified a number of risks facing it. To improve risk management of the system the company has told its employees that any computer misuse by them will result in discriptionary action

What aspect of risk management has Timely plc employed regarding information security ?