The term "receivables" refers to
A) amounts due from individuals or companies.
B) merchandise to be collected from individuals or companies.
C) cash to be paid to creditors.
D) cash to be paid to debtors.

Question

Quizplus · Accepted Answer

Receivables refers to amounts due from individuals or companies, such as accounts receivable or notes receivable. They represent the money that a company expects to receive in the future for goods or services that have already been provided. B refers to inventory or goods that a company expects to sell, C refers to accounts payable or money that a company owes to its creditors, and D is not a common accounting term.

The Term "Receivables" Refers to