General Studies · Receivables Management
Assertion (A): Factoring helps firms improve liquidity by converting receivables into immediate cash. Reason (R): In factoring, the factor assumes responsibility for managing and collecting receivables.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true
- 2A is true but R is false
- 3Both A and R are true but R is not the correct explanation of A✓
- 4Both A and R are true and R is the correct explanation of A
Correct answer
Both A and R are true but R is not the correct explanation of A
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