Purchase orders and payments methods
Watch the video: https://www.youtube.com/watch?v=9bZwWuiw8hQ&t=241sLetters of Credit – What is a Letter of Credit?After watching the video, respond to the following questions:1. What is a letter of credit? 2. What are the steps in issuing and redeeming a letter of credit?3. What are the advantages and disadvantages for the supplier?4. What are the advantages and disadvantages for the sourcer?