In payable if the discount cost is greater than the factor than is it net cost or benefit am confused same with receivable....can u explain
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Factoring
5y ago#1I don't know what you mean because we only ever use factoring on receivables - not on payables.
Have you watched my free lectures on this?
Sorry I meant finance cost in payable ...not using the annual cost % formula.....
Yes I have watched the lecture ....but am talking about the long way where we have to find the trade payable after discount is offer n all ...in ur lecture for it I have just showed the formula way..
5y ago#3Sorry but I am still confused, because in my lectures I work through examples calculating the net cost or benefit of offering a discount and of using a factor (both the 'long way').
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