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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Recurring transactions can be classified as which of the following types of receivables?

Trade receivables

Notes receivable

Accrued interest receivable

Non-trade receivables

Previous problemNext problem

Verified step by step guidance

Understand the concept of receivables: Receivables are amounts owed to a business by its customers or other parties. They are classified based on the nature of the transaction and the relationship with the debtor.

Learn about trade receivables: These arise from the sale of goods or services in the normal course of business. They are typically recorded as accounts receivable on the balance sheet.

Understand notes receivable: These are formal written promises to pay a specific amount of money at a future date, often including interest. They are classified separately from trade receivables.

Explore accrued interest receivable: This represents interest earned but not yet received. It is recorded as an asset and arises from interest-bearing financial instruments like loans or notes receivable.

Differentiate non-trade receivables: These are receivables that do not arise from the primary operations of the business, such as advances to employees or tax refunds due. They are distinct from trade receivables.