Factoring is:

(A) A mathematical procedure frequently used in accounting

(B) Done by people called fractioners

(C) Simplified method developed for counting inventory

(D) A way companies can get cash quickly

Answer (D): A way companies can get cash quickly

Explanation: Factoring is a monetary exchange and a kind of debt holder finance in which a business offers its accounts receivable to an outsider at a markdown price. A business will some of the time factor its receivable resources to meet its present and quick money needs.

Was this answer helpful?


0 (0)


Choose An Option That Best Describes Your Problem

Thank you. Your Feedback will Help us Serve you better.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *




Free Class