Question: Q U E 5 TI 0 N 6 1. The untrue statement concerning the factoring of accounts receivable is which of the following? i; Businesses

Q U E 5 TI 0 N 6 1. The untrue statement concerning the factoring of accounts receivable is which of the following? i"; Businesses rarely factor their accounts receivable. r; A disadvantage of factoring can be its high cost. ('1 Credit cards are a form of factoring (Le. the credit card rm specialises in the collection of accounts receivable). r: Atypical journal entry to record the sale of accounts receivable is Dr bank; Dr factoring charge expense; Cr accounts receivable control

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