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okay theres two basic ways here for transferring receivables for cash either as a sales of receivables thats where we be factoring our receivables thats where the seller surrenders control of the receivables recorded as a sale of an asset on the balance sheet or we can look at use secured boring thats where your we assign or pledge receivables thats where the seller maintains control of the receivables and its recorded as a liability as a note payable on the balance sheet here by the seller so lets go back here and look at our sales of receivables or factoring of receivables and how that would work here so we have corporation a here the seller and we have Bank B here the purchaser here so what corporation a does here they sell this asset of a accounts receivable say they sell two hundred and fifty thousand dollars here to a bank B so they remover the two hundred and fifty thousand dollars off their balance sheet here in Bank B would record here accounts receivable increase their
