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The smart Trick of factoring accounts receivable example That No One is Discussing

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1) Assume you can find gross sales discount rates of CU10,000 and bad debts of CU30,000. The debts are gathered with the lender. Do I ought to report any entries for the vendor or the company? Are the above transactions only afflicted the factor/bankers? Double Entry Bookkeeping is in http://nathaniel6t61xje7.thelateblog.com/profile

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