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John Moffat.
John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)
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nk16
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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
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?
nk16
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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..John Moffat
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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’).
nk16
John MoffatViewing 4 posts - 1 through 4 (of 4 total)
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