What type of receivable is evidenced by a formal instrument and normally requires the payment of interest? A trade receivable An account receivable Past-due accounts receivables A note receivable

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Elodie

Business

3 September, 05:10

What type of receivable is evidenced by a formal instrument and normally requires the payment of interest? A trade receivable An account receivable Past-due accounts receivables A note receivable

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Puffy · Answer 1

A note receivable

Explanation:

A note receivable is a composed guarantee to get a particular measure of money from another gathering on at least one future dates. This is treated as a benefit by the holder of the note. Past due records receivable are some of the time changed over into notes receivable, in this manner giving the indebted person more opportunity to pay, while additionally once in a while including an individual assurance by the proprietor of the account holder.