Urgent help required

Nishant (Accounts Assistant) (378 Points)

28 October 2015  

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