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Which methods of generating cash from accounts receivable

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Reference no: EM132778265

Problem 1: The following are methods of generating cash from accounts receivable, except

A. pledge

B. assignment

C. factoring

D. discounting

E. none of the above

Problem 2: Discounting of customer's note is a transaction where the endorser is free from any obligation in case the maker dishonors the note at maturity date.

A. without recourse

B. with recourse accounted for as conditional sale

C. with recourse accounted for as secured borrowing

D. any of A, B or C

E. answer not given

Reference no: EM132778265

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