factoringForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › factoringThis topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts May 21, 2021 at 10:29 am #621309 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆sir if the financial asset=$4m and proceeds from factoring=$3.6munder non-recourse factoring, we will dr. cash($3.6m), dr. SPL(interest of $0.4m) and cr. financial asset($4m), right?under with recourse factoring, financial assets retained(at $4m) as it is, and dr. cash($3.6m) and cr. liability($3.6m), right? May 22, 2021 at 2:15 pm #621446 Stephen WidbergKeymasterTopics: 15Replies: 3216☆☆☆☆☆Perfect. I think you may be after my job. 🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In