Reference at Newman Library

source for journal entries for factoring

This morning Joe and I helped an accounting student who was looking for help in

how to do journal entries for factoring (which is related to accounts receivable).

Here’s a source we found: Log onto  Books 24×7.  Select accounting as a topic (right column)

and then do a search for factoring.  Among the results is a book The Ultimate Accountants’ Reference Handbook.  Chapter 16.5 (which is listed in the chapters discussing factoring), has an example of journal entries. The student was very happy with this result.