Factoring refers to
A)determining the aging schedule of the firm's accounts receivable.
B)the sale of a firm's accounts receivable to another firm.
C)the determination of the average collection period.
D)scoring a customer based on the 5 C's of credit.

Question

Quizplus · Accepted Answer

Factoring refers to the sale of a firm's accounts receivable to another firm, typically at a discount. This allows the firm to receive cash immediately rather than waiting for customers to pay their invoices.

Factoring Refers to