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Receivables factored with recourse.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Receivables factored with recourse.

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  • March 3, 2017 at 10:29 pm #375385
    hemraj123
    Member
    • Topics: 110
    • Replies: 188
    • ☆☆☆

    Sir, will receivables which are factored with recourse shown in SOFP as a loan from factor? or a deferred income?

    Thanks

    March 4, 2017 at 6:23 am #375421
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    Show the amount as a loan (how could it be deferred income?)

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