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What is the main advantage of Factoring?
  • a)
    Immediate use of assets without paying the entire amount.
  • b)
    The factor takes over the risk burden of the client.
  • c)
    The factor makes cash advances to the client within 24 hours.
  • d)
    The factor provides valuable advice on country-wise and customer-wise risks.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the main advantage of Factoring?a)Immediate use of assets with...
The main advantage of Factoring is that the factor takes over the risk burden of the client. The factor assumes the credit control, protection, and collection functions for its client, which helps in reducing the risk of bad debts.
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What is the main advantage of Factoring?a)Immediate use of assets without paying the entire amount.b)The factor takes over the risk burden of the client.c)The factor makes cash advances to the client within 24 hours.d)The factor provides valuable advice on country-wise and customer-wise risks.Correct answer is option 'B'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main advantage of Factoring?a)Immediate use of assets without paying the entire amount.b)The factor takes over the risk burden of the client.c)The factor makes cash advances to the client within 24 hours.d)The factor provides valuable advice on country-wise and customer-wise risks.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main advantage of Factoring?a)Immediate use of assets without paying the entire amount.b)The factor takes over the risk burden of the client.c)The factor makes cash advances to the client within 24 hours.d)The factor provides valuable advice on country-wise and customer-wise risks.Correct answer is option 'B'. Can you explain this answer?.
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