Accountıng I Deneme Sınavı Sorusu #1224848
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?
Sales returns and allowances |
Allowance method |
Honor of notes receivable |
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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