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How much money does the merchant have to settle?
What does the account to be settled mean?
The account to be settled is an account opened by treaty trading countries to settle each other's debts through accounting in export trade settlement. The account to be settled is a specific bank that exports foreign trade and foreign exchange in a trading country. Under the free trade agreement of government departments, the banks of each other signed the "Detailed Accounting Treatment Rules for the Implementation of Payment Agreement". Both parties agree on the currency to be settled. The liquidation scope includes the liquidation of trade arrears and the liquidation of ancillary expenses. The balance of the merchant account to be settled is included in the bank deposit account accounting. The consumer account of the merchant to be liquidated is the service or sales money transferred by the other party to the user unit through online banking. This article mainly writes about the knowledge points about what the money of the liquidated merchants is, and the content is for reference only.
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