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Green-Orr Limited (GOL) is a retailer of various fast-moving consumer goods (FMCG's). Due to the COVID-19 pandemic the entity has experienced reduced operating margins and

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Green-Orr Limited (GOL) is a retailer of various fast-moving consumer goods (FMCG's).

Due to the COVID-19 pandemic the entity has experienced reduced operating margins and liquidity concerns. As part of their process to manage liquidity concerns, they have considered factoring their accounts receivable (debtors' book). Below is an extract from the notes to GOL's financial statements as at 31 July 2020:

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