Accountıng I Deneme Sınavı Sorusu #1276015
Which of the following refers to the business of purchasing receivables from companies upon a fee for the services performed to manage and collect receivables?
|
Discounting of notes receivable |
|
Payee |
|
Trade receivables |
|
Factoring |
|
Promissory note |
Yanıt Açıklaması:
Factoring is the business of purchasing receivables from companies upon a fee for the services performed to manage and collect receivables. The correct answer is D.
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