Q131
Factoring is a form of financing.
A.
payable
B.
receivables
AnswerC.
borrowings
D.
debts
Answer: Option B
Solution
Answer: Option B
Solution:
Factoring is a form of receivables financing. Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.