AIEEE Questions

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Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.

when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.

How it works ::

Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.

The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.

The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.

When the payment arrives, the seller decreases the accounts receivable and increases cash.

Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

Ancient rock paintings have been found in Spain and France.

Rajasthan Royals won the 1st edition of Indian Premier League (IPL) in 2008.

The Prime Minister (PM) of the country is the head of the Lok Sabha. Narendra Modi is the head of the Lok Sabha.

SPICE (Simulation Program with Integrated Circuit Emphasis) was introduced in May 1972 by the University of Berkeley, California.

Julius Robert Oppenheimer was an American theoretical physicist and professor of physics at the University of California, Berkeley. Oppenheimer was the wartime head of the Los Alamos Laboratory and is among those who are credited with being the "father of the atomic bomb" for their role in the Manhattan Project, the World War II undertaking that developed the first nuclear weapons. The first atomic bomb was successfully detonated on July 16, 1945, in the Trinity test in New Mexico.