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

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

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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.