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WorksheetsReceivable Financing
Total questions: 13
Worksheet time: 5mins
The financial flexibility of the entity to raise money out of its receivables
Receivable financing
Receivable flexibility
Financial receipt
Pledging
Which of the following is not a form of receivable financing
pledging
assignment
factoring
flexing
Pledging of accounts receivable means
transferring the rights of the receivable to another
sale of accounts receivable
giving the receivable as collateral for a loan
none of these
Factoring of accounts receivable means
transferring the rights of the receivable to another
sale of accounts receivable
giving the receivable as collateral for a loan
none of these
Assignment of accounts receivable means
transferring the rights of the receivable to another
sale of accounts receivable
giving the receivable as collateral for a loan
none of these
Factoring the receivables has two forms:
casual factoring
factoring as continuing agreement
without recourse
non notification
"The note payable to BDO matures on January 15, 2023 and is secured by accounts receivable amounting to P5,000,000".
This statement can be found in the notes if
Pledging
Factoring
Assignment
Discounting
When accounts are assigned on a _________ basis, the customers are not informed that their accounts have been assigned.
with recourse
without recourse
notification
non-notification
When collecting assigned receivables, the entity makes an entry to
debit Accounts receivable-assigned
credit Accounts receivable-assigned
credit Note payable
credit Cash
If the loan is discounted, it means that
the interest is paid by the bank
the interest is paid by the borrower
the interest is deducted in advance
the interest is waived.
In assignment of the accounts receivable, the borrower is called
assignor
assignee
factor
pledgor
Pledging is different from assignment because
In pledging, all accounts are sold to the bank
In pledging, specific accounts serve as collateral for the loan
In pledging, all accounts serve as collateral for the loan
none of these
It is a card with a predetermined limit from the issuer to purchase goods and services.
debit card
credit card
identification card
SSS card
