14- What is the main purpose of factoring in accounts receivables? a. To meet immediate cash needs of the business b. To establish a legal proof for future use c. To create an additional guarantee of collection d. To invest accounts receivable in another business

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A: Expenses means the amount spent on running the business.

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A: Dear student,  Since you have specified Question #16 to be answered, I am posting the answer for the…

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A: Note: “Since you have asked multiple question, we will solve the first question for you. If you want…

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A: The question is multiple choice question Required  Choose the Correct Option .

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A: Cash Disbursement Journal: It is a record kept by the accountants of all the expenditures made by…

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A: Following is the answer to the given question.

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A: Deposit in transit since the amount is already recorded in the company accounts no adjusting entry…

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Q: What is the main purpose of factoring in accounts receivables? a. To meet immediate cash needs of…

A: Account receivable means the amount due from customer whom we sold the goods on credit. Factoring…

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Q: 11-What is the main purpose of factoring in accounts receivables? a. To create an additional…

A: The account receivables are the assets that includes the amount due from the customers.

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.