Bank Clerk Questions

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.

Tetrad is a homologous chromosome pair in the given options. A homologous chromosome pair is a pair of chromosomes one from father and one from mother that has same gene sequence after the process of meiosis.

The country Brazil is the largest producer of sugarcane in the world.

Both State and Local governments are responsible for regulating noise pollution. Noise pollution refers to the high noise level that we can not bear.

Atal Bihari Vajpayee was a Member of Parliament for 12 times i.e, 10 times for lok sabha and 2 times for rajya sabha.

Political culture refers to widely shared values and beliefs about who should govern, for what ends, and by what means.

Monazite is an ore of cerium, thorium and lanthanum.