Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Types of Receivables

Financial Accounting

7. Receivables and Investments

Types of Receivables

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Multiple Choice

All of the following typically appear on your credit report except:

Mortgage loans

Credit card balances

Accounts receivable from customers

Notes receivable from employees

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Understand the purpose of a credit report: A credit report is a detailed record of an individual's credit history, including loans, credit card balances, and payment history. It is used by lenders to assess creditworthiness.

Identify the types of accounts typically included in a credit report: These include mortgage loans, credit card balances, auto loans, and other forms of debt that reflect an individual's borrowing and repayment behavior.

Recognize the types of accounts that do not appear on a credit report: Accounts receivable from customers and notes receivable from employees are business-related accounts and are not tied to an individual's personal credit history. These are typically recorded in a company's financial statements, not on a personal credit report.

Clarify why notes receivable from employees do not appear: Notes receivable from employees represent amounts owed to a company by its employees, often for loans or advances. These are not related to personal credit and therefore do not appear on a credit report.

Conclude that the correct answer is 'Notes receivable from employees' because it is a business-related account and not relevant to an individual's personal credit history.