logo

CuriousTab

CuriousTab

Discussion


Home Interview Accounting and Finance See What Others Are Saying!
  • Question
  • Accounts Receivable financing is based on


  • Correct Answer
  • Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables ? outstanding invoices or money owed by customers ? to receive financing when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing How it works :: Business-to-business sales are often offered with payment terms of 30, 60 or 90 days The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date The seller records the sale as revenues and increases the accounts receivable by the amount of the sale When the payment arrives, the seller decreases the accounts receivable and increases cash Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party This is called factoring 

  • Tags: Analyst, Bank Clerk, Bank PO

    More questions

    • 1. What is CRR rate?
    • Discuss
    • 2. Which among the following are not access Specifiers in C++?

    • Options
    • A. Public
    • B. Protected
    • C. Default
    • D. Private
    • Discuss
    • 3. In which year, the first bank of India "Bank of Hindustan" was established ?

    • Options
    • A. 1677
    • B. 1770
    • C. 1796
    • D. 1831
    • Discuss
    • 4. What could be the bucket size if collision and overlapping occur at same time?

    • Options
    • A. 2
    • B. 0
    • C. 1
    • D. 4
    • Discuss
    • 5. Default constructor accepts how many arguments?

    • Options
    • A. one
    • B. two
    • C. three
    • D. None
    • Discuss
    • 6. What are the mandatory part to present in function pointers?

    • Options
    • A. &
    • B. retrun values
    • C. data types
    • D. none of these
    • Discuss
    • 7. Which of the following can derived class inherit?

    • Options
    • A. members
    • B. functions
    • C. both a & b
    • D. None of the above
    • Discuss
    • 8. What kind of object is modifying sequence algorithm?

    • Options
    • A. Function template
    • B. Class template
    • C. Method
    • D. None of these
    • Discuss
    • 9. Fixed Foreign Exchange rate can be changed by

    • Options
    • A. SEBI
    • B. Ministry of Finance
    • C. RBI
    • D. All of the above
    • Discuss
    • 10. The shortcut key to quit from tally is

    • Options
    • A. CTRL + Q
    • B. CTRL + ESC
    • C. CTRL + T
    • D. CTRL + P
    • Discuss


    Comments

    There are no comments.

Enter a new Comment