Use Document against Payment (DP) In Business - Advisable or Not?
The payment methods in business are Letter of credit (LC), Document against payment (D/P), open account (O/A), and factoring. With all these methods, most of the items get sold. However, there are multiple options applied in business when it comes to determining which payment method is suitable as a term of sale. Well, today’s center of the discussion is Document against payment (DP) . If you are interested in reading these payment methods, read the article till the end. Document Against Payment (DP) - What Is Its Necessity? What is a Document against payment (DP)? You ask. Well, it is a payment method. People who indulge in large-scale business purchase things using this method. Most sellers know the terms open account and letter of credit transactions, but they are not with Document against payment (DP) transactions. Well, it is not a secret. It is a less complicated method than others. Long story short? The Document against payment (DP) is, when the supplies get transpor...