The receivable that is usually evidenced by a formal instrument of credit is a(n)
A) trade receivable.
B) note receivable.
C) account receivable.
D) income tax receivable.

Name: The receivable that is usually evidenced by a formal instrument of credit is a(n) A) trade receivable. B) note receivable. C) account receivable. D) income tax receivable.
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Question

Quizplus · Accepted Answer

A note receivable is a formal written promise to receive a specific amount of money at a future date, often documented with a promissory note.

The Receivable That Is Usually Evidenced by a Formal Instrument