What does LOR mean in ACCOUNTING
An abbreviation of the phrase “Letter of Response”, LOR is used to refer to a form of communication in business circles. It is sent out in response to a request or other incoming communication and provides further information that fulfills theneeds of the recipient. This type of letter is very commonly used for many different types of interactions, such as job applications, customer inquiries, and even government requests. LORs provide an efficient and effective way to quickly deliver important information to those that need it.
LOR meaning in Accounting in Business
LOR mostly used in an acronym Accounting in Category Business that means Letter Of Response
Shorthand: LOR,
Full Form: Letter Of Response
For more information of "Letter Of Response", see the section below.
» Business » Accounting
What Is Its Purpose? The purpose of an LOR is twofold
firstly, it helps ensure that all important details are conveyed in response to an incoming query; secondly, it provides an organized way for the senderto relay relevant details back to the recipient. In addition, this letter format encourages brevity which can help save both parties' valuable time. As such, it has become a very popular way for businesses to communicate with one another in many different contexts.
Essential Questions and Answers on Letter Of Response in "BUSINESS»ACCOUNTING"
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Final Words:
LOR stands for Letter of Response and serves an important purpose in business communication circles by helping senders efficiently convey important informationin response to requests from others. This makes it easy for businesses large and smallto save time when responding to inquiries without omitting any critical details or forgetting any key points that need addressing.
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