Question

23. Which of the following is not the function of factoring?
administration of sales ledger
Loan syndication and off shore banking
• Financial facility/ trade debts
Purchase and collections of debts​

Answer 1

Answer:

C is your answer

Explanation:

......................................................

Answer 2

Answer:

(c) - Financial Facility / Trade Debts

Explanation:

Factoring is another term for invoice factoring. It is a type of financial product that allows businesses to sell their unpaid invoices (accounts receivable) to a third-party factoring company (a factor). The factoring company purchases the invoices for a percentage of their total value and then collects the payments. Invoice factoring is a growing source of alternative business funding. This type of alternative finance has grown in popularity as it has become more difficult for businesses with poor credit to obtain traditional finance from high-street banks.

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