The correct answer is: B. receivables.
Factoring is a type of financing that involves selling accounts receivable to a third party, known as a factor. The factor then collects the payments from the customers and pays the business the amount owed, minus a fee. This can be a helpful way for businesses to get cash quickly and improve their cash flow.
Option A, payables, are the amounts that a business owes to its suppliers. Option C, borrowings, are the amounts that a business has borrowed from lenders. Option D, debts, are the amounts that a business owes to its creditors.
Factoring is not a form of financing for payables, borrowings, or debts. It is a form of financing for receivables.