What do you mean by factoring? and explain the service which are rendered by
factoring
Answers
Answered by
1
Answer:
Definition of Factoring
Factoring is a financial service in which the business entity sells its bill receivables to a third party at a discount in order to raise funds. ... Factoring involves the selling of all the accounts receivable to an outside agency. Such an agency is called a factor.
Explanation:
mark me as brainliest pls
Similar questions