The Selling of Accounts Receivable as a Means of Quickly

question 32

Multiple Choice

The selling of accounts receivable as a means of quickly raising cash, minimising debt collecting expenses and minimising bad debt losses is known as:

• A) ageing.
• B) factoring.
• C) diverting.
• D) transferring.

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Definitions:

Organic Product

A compound containing carbon atoms, often derived from living organisms or synthesized in laboratories.

Imines

Organic compounds characterized by the group C=N, formed by the condensation of an aldehyde or ketone with an amine.

Acid-Catalyzed

A chemical reaction that is accelerated in the presence of an acid, which acts as a catalyst to increase the rate of the reaction.

Organic Product

A compound or material derived from living organisms or produced through organic reactions.