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Factoring

This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.

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September 4, 2020 at 2:29 pm #583444
nk16
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- Topics: 71
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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
September 4, 2020 at 4:39 pm #583475
John Moffat
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I 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?
September 5, 2020 at 8:45 pm #583613
nk16
Participant
- Topics: 71
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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..
September 6, 2020 at 10:31 am #583651
John Moffat
Keymaster
- Topics: 57
- Replies: 54835
Sorry 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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