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Question
What is Factoring?
What is Factoring?
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Solution
(A) Production Plan
(B) New Financial Service
(C) Cost of Sales
(D) All of the above
Answer (B): New financial Service
Explanation: factoring refers to the sales of the accounts receivables of an organisation to a third party at a discounted price to meet its immediate cash requirements.
(A) Production Plan
(B) New Financial Service
(C) Cost of Sales
(D) All of the above
Answer (B): New financial Service
Explanation: factoring refers to the sales of the accounts receivables of an organisation to a third party at a discounted price to meet its immediate cash requirements.
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