What Is Journal Entry For Factoring Of Accounts Receivable?

What Is Journal Entry For Factoring Of Accounts Receivable?

Hence my post about Receivable Factoring Guide, many of you people asked me a simple question; “what is journal – entry for factoring of accounts receivable?” To sum-up the factoring procedure; when factoring accounts receivable, the receivables are sold to a finance organization. The factor purchase the accounts receivable at a …

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Accounting for Business Purchase Acquisition

Accounting for Business Acquisition Using Purchase Method

In detail, a business acquisition, from the accounting viewpoint, is a transaction in which both the acquiring & acquired organization are still left standing as separate entities at the end of the transaction. If the acquiring organization spreads the acquisition cost over the assets being bought at their fair market …

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Galaxy Digital seeks crypto-collateralised fundraising

Galaxy Digital seeks crypto-collateralised fundraising

Crypto asset banks set for fundraising According to reports coming from Business insider, the cryptocurrency bank wants to give cryptocurrency collateralised loans to companies. There are anonymous sources that have reported that they are familiar with projects and that Galaxy digital will accept crypto-assets as well as mining hardware as collateral …

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