Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 8 - Reporting and Analyzing Receivables - Questions - Page 426: 2


Receivables are the claims to be collected in the future from the customers or borrower. Common types of receivables other than notes receivables and accounts receivables are called non Non-trade receivables.

Work Step by Step

Common types or receivables other than notes receivables are as follows: 1. interest receivables; 2. loan to company officers; 3. advances to employees; 4. income tax refundable.
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