What is trade discrepancy?

Discrepancy. Documentary credit context: a discrepancy arises when documents presented under a documentary credit do not conform to the terms of the credit; generally, an error, contradiction or omission related to the documents constitutes the discrepancy.

What is an example of discrepancies?

Frequency: Discrepancy is defined as a difference or inconsistency. An example of discrepancy is a bank statement that has a different balance than your own records of the account. Divergence or disagreement, as between facts or claims; difference.

What does credit discrepancy mean?

In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; generally an error, contradiction or omission related to the documents constitutes the discrepancy.

What is discrepancy in logistics?

In logistics, the differences between sellers and buyers in relation to relate to time, place, quantity and assortment, which must be overcome in planning the channel structure; sellers will often manufacture goods at times (time or temporal discrepancy) and places (spatial discrepancy), and in quantities (discrepancy …

What is the meaning of discrepant?

adjective. (usually of two or more objects, accounts, findings etc.) differing; disagreeing; inconsistent: discrepant accounts.

What is be in Zerodha?

BE: It stands for Book Entry. Shares falling in the Trade-to-Trade or T-segment are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.

How do you use discrepancies?

Discrepancy in a Sentence ?

1. The police were confused by the discrepancy between the testimonies of the two witnesses who saw the same event.
2. Because of a discrepancy in the witness’ testimony, the defense attorney has asked the judge to drop the charges against his client.

How do you explain discrepancy?

A discrepancy is a lack of agreement or balance. If there is a discrepancy between the money you earned and the number on your paycheck, you should complain to your boss. There is a discrepancy when there is a difference between two things that should be alike.

What is LC discrepancy charge?

Discrepancy Fee – This is charged by the ISSUING BANK when they receive documents for negotiation under the LC and those documents are found to not be in compliance with the terms and conditions of the LC.

Why is it important to identify discrepancies?

Checking for stocktaking discrepancies Performing regular stocktaking is good practice and crucial to effective inventory control. It lets you know exactly what inventory stock you have on hand, helps to identify issues and can improve operational efficiency and reporting accuracy.

How do you avoid discrepancy?

Common best practices to avoid stocktake discrepancies include the following:

1. Check for computation errors.
2. Re-count stock.
3. Check for mixed products.
4. Check for similar stock on other locations.
5. Ensure ideal units of measurements.
6. Verify outstanding orders.
7. Verify that the SKU or product identification numbers are correct.

How would you explain the discrepancy?