Principles for factoring transactions accounting and tax

Viorel Turcanu and Anna Zachernicinaia
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Anna Zachernicinaia: Moldovan Academy of Economic Sciences, Professor, Dr.Hab,

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1877-1880

Abstract: The up growth of business rivalry at the consumer and services markets make many of the suppliers grant delayed or deferred payments to their customers and act as creditors who thus accept credit, exchange and interest risks. It results in the suppliers’ floating assets withdrawal and has a negative impact upon their financial statements showings. Factoring is one of the ways to release funds that have been frozen on accounts receivable.

Keywords: factoring; the adherent; financial risk; accounting tax; financing (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:1:y:2009:i:9:p:1877-1880

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