If a firm actually sells its accounts receivable,the process is known as:

Name: If a firm actually sells its accounts receivable,the process is known as:
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Selling accounts receivable to a third-party financial company is known as factoring. This process allows the firm to receive immediate cash for their unpaid invoices while transferring the responsibility of collecting payment to the financial company. Options A, B, and C do not accurately describe the process of selling accounts receivable.

If a Firm Actually Sells Its Accounts Receivable,the Process Is