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Homework answers / question archive / The buyer who pays cash for an account receivable is referred to as a: Payor Pledgor Factor Payee Pledgee
The buyer who pays cash for an account receivable is referred to as a:
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.
