The buyer who pays cash for an account receivable is referred to as a: Payor Pledgor Factor Payee Pledgee

Management Mar 24, 2021

The buyer who pays cash for an account receivable is referred to as a:

1. Payor
2. Pledgor
3. Factor
4. Payee
5. Pledgee

Expert Solution

Answer:

a . Payor

Step-by-Step explanation

Accounts receivable takes place when an entity sell goods on account to its customers. The person who buys the goods on account is known as payor because he pays cash for the accounts receivable.

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