Accounts Receivable F13-30b
What is meant by pledging of accounts receivable?
Pledging of accounts receivable is less formal than assignment. Rights to specific receivables are not noted as collateral, and accounts receivable are not reclassified.
What is meant by pledging of accounts receivable?
Pledging of accounts receivable is less formal than assignment. Rights to specific receivables are not noted as collateral, and accounts receivable are not reclassified.