what is factoring
Answer / muniyaraj m
Factoring is a financing option in which firms raise cash by selling their accounts receivable at a discount from face value. Most factoring transactions made today actually are structured to be more like short-term loans with receivables pledged as collateral. Under this scenario, the firm pledging the receivables in return for funding still retains the risk associated with uncollectible receivables.
| Is This Answer Correct ? | 3 Yes | 3 No |
My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.
accounting effect for closing stock goods destroyed by fire and claim is given by insurance co
Describe the Balance Sheet?
What are the types of liabilities accounts?
What is the difference between accounts and finance ?
what is the meaning of receivables and payable?
What is the TDS rate for Salary???????
Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?
What do you think is a bank reconciliation statement?
what is contra entry . plz explain with example.
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?