Dear Sirs,
I have doubt in SFM : Chapter-8 "Financial Services"
In the absence of specific information in the Question
the "Factoring commision" must be taken as a Percentage of
a) "Total Cr. Sales"
or
b) "Average Receivables"
Plz reply urgently
3 Replies
CA Ankush Parmar
(MEMBER IN PRACTICE)
(43 Points)
Replied 30 October 2015
Total credit sales to be considered for calculation of factoring commission
A D - Loving Life
(none)
(1234 Points)
Replied 15 February 2016
Total credit sales as it is what we appoint factor for
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