Indicate which of the following is more closely associated with (a) Accounts receivable (b) Notes receivable: 1.

Question:

Indicate which of the following is more closely associated with
(a)
(b) Notes receivable:
1. Backed by a written promissory note.
2. Appears separate from receivables from employees.
3. Requires an estimate of uncollectible accounts.
4. Banks often have this type of receivable.
5. Often referred to as trade credit.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...