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Sources Of Business Finance

Question

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Under the factoring arrangement, the factor :
Produces and distributes the goods or services
Makes the payment on behalf of the client
Collects the client’s debt or account receivable
Transfer the goods from one place to another

Solution

C.

Collects the client’s debt or account receivable

Some More Questions From Sources of Business Finance Chapter

Give meaning of long-term finance.

Give meaning of medium-term finance.

Give meaning of short-term finance.

Define shares.

Give the types of shares.

Define preference shares.

Give meaning of equity share.

Give the meaning of debenture.

Define “Ploughing back of profits”.

Give meaning of trade credit.

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