Accounting for a letter of credit on your balance sheet depends on when you use it. One issued by your financial institution acts as a credit substitute. That institution, often a bank ...

Since organizations don't receive payments of credit sales for several weeks or months, they appear as account receivables, an important component of short-term assets, in the balance sheet.

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Union Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings ...