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Who is a factor? - Commerce

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प्रश्न

Who is a factor?

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उत्तर

The factor is an agent who buys the accounts receivables (Debtors and Bills Receivables) of a firm and provides finance to a firm to meet its working capital requirements.

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Factoring
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अध्याय 16: Emerging Service Business in India - Exercises [पृष्ठ १६७]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 16 Emerging Service Business in India
Exercises | Q II. 3. | पृष्ठ १६७
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