Asked by ashley alvarez on May 08, 2024
Verified
Trade receivables
A) do not result from the operations of the business.
B) are employee advance transactions.
C) are loans to company officers.
D) are the result of sales transactions.
Trade Receivables
Trade receivables are amounts due to a business for goods sold or services provided on credit terms to customers.
- Identify the different types of receivables and understand their sources.
Verified Answer
LM
Lauren MullinsMay 14, 2024
Final Answer :
D
Explanation :
Trade receivables are amounts owed to a business by its customers following the sale of goods or services on credit.
Learning Objectives
- Identify the different types of receivables and understand their sources.
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