11.2.3.9 Outgoing Payment
Table 11-94 Stage
| Stage | Clean / Doc | Sight/Usance | Bill Under LC |
|---|---|---|---|
| FIN | DOC | Sight only | Yes (Mandatory) |
Table 11-95 Accounting Entries
| GL Type | A/C Type | Dr/Cr | Account Description | CCY | Amount |
|---|---|---|---|---|---|
| Contingent Asset | GL | Cr | Outgoing Bills under LCs paid | LCY | Bill amount in the contract currency. |
| Contingent Offset | GL | Dr | Outgoing Bills under LC’S paid Offset Account | CCY | Bill amount in the contract currency. |
Table 11-96 Advices
| Advice Type | Advice Description |
|---|---|
| PAYMENT_ADVICE | Payment Advice |