The two major types of receivables are accounts receivable and bills receivable.

Name: The two major types of receivables are accounts receivable and bills receivable.
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This is true. Accounts receivable are owed by customers who purchased goods or services on credit, while bills receivable refer to written promises by a debtor to pay a specified amount at a future date. These are the two major types of receivables.

The Two Major Types of Receivables Are Accounts Receivable and Bills