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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