Question
QPS Pty in Sydney, Australia is sending a consignment of computer software to Globex in Hong Kong. They give the documents and collection order to
QPS Pty in Sydney, Australia is sending a consignment of computer software to Globex in Hong Kong. They give the documents and collection order to their bank, Tamarind Bank.
Tamarind Bank passes the collection on to Juniper Bank in Hong Kong. Jupiter Bank passes the collection on to Saffron Bank, who contact Globex and receive payment.
Which of this may be referred to as the Collecting bank?
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
978-1259097126
