Factoring of Book Debts: Meaning and Types

In this article we will discuss about:- 1. Meaning of Factoring 2. Factoring Mechanism 3. Functions of a Factor 4. Types of Factoring 5. Benefits of Factoring 6. Cost-Benefit Analysis of Factoring 7. Factoring and Financial Statements. Meaning of Factoring: Factoring is a method of financing whereby a firm sells its trade debts at a discount to a financial institution. [...]