Asked by
Christopher McCosker
on Nov 14, 2024
Verified
Which of the following receivables would not be classified as an "other receivable"?
A) Advance to an employee
B) Refundable income tax
C) Notes receivable
D) Interest receivable
Other Receivable
Accounts receivable that do not fit standard trade transactions, sometimes including loans to employees or advances to suppliers.
Notes Receivable
Claims against others for money, goods, or services evidenced by notes, promises to pay, or receipts.
- Differentiate among various receivables and the corresponding credit instruments associated with them.
Verified Answer
NM
Learning Objectives
- Differentiate among various receivables and the corresponding credit instruments associated with them.