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DEFINE FACTORING OF RECEIVABLE.

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2014/12/08
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Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

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

Kasto Kasto Wibowo
by Kasto Kasto Wibowo , Audit Manager , PT Berdikari (Persero)

  1. 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. A Business will sometimes Factor itsReceivable Assets to meet its present and immediate Cash needs.

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