ABC sells Rs 100,000 of its accounts receivables to a factor and receives an 80 advance immediately The factor charges a fee of Rs 8,000 for the service The debts are factored with recourse and a further advance of 12 will be received by the seller if the customer pays on time ABC sells Rs 100,000...

sells RJ 100 000 80 factor 0 c ...

ABC sells Rs. 100,000 of its accounts receivables to a factor and receives an 80% advance...

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ABC sells Rs. 100,000 of its accounts receivables to a factor and receives an 80% advance immediately. The factor charges a f

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Advanced Accounting

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