Notes or accounts receivables that result from sales transactions are often called
A)sales receivables.
B)nontrade receivables.
C)trade receivables.
D)merchandise receivables.

Question

Quizplus · Accepted Answer

Trade receivables are the correct term for notes or accounts receivables that result from sales transactions. They represent the amount owed by customers to a business as a result of the business providing goods or services on credit.

Notes or Accounts Receivables That Result from Sales Transactions Are