Question

What do you understand by term factoring what are its advantages

Answer 1

Hey mate!

I am here with your answer!

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable to a third party at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.

Hope this will help you!

Answer 2

Explanation:

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here's ur answer in this attachment