Bank PO 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.

Jupiter is the planet with the most number of moons i.e, 67 followed by Saturn 62, Uranus 27 and Neptune 14.

Under IPC Section 354A, transgenders can file sexual harassment case.

The design principle that is based on repetition is called Rhythm.

Rig veda   =  ayurveda

Yajur veda =  dhanurvedha

Samavedha  =  gandharvavedha

Atharvaveda  =  shilpa veda

Security in a business does not motivate entrepreneurs. An entrepreneurs primary motivation to start a business is to be independent.

We know that Kinetic energy is the energy of a moving object and in the same way Electrical energy is the form of kinetic energy caused by moving electric charges called electrons.