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.

i have query on bank reco. pls suggest me on my following question my bank bal as on 31.3.09 was rs 700000 but after reconsilation it was 100000 because there was two three cheque was ulcleard. which bal should i take in new FY & how i show into account

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