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

Question

Quizplus · Accepted Answer

Trade receivables are accounts receivables that result from sales transactions. Non-trade receivables refer to any other type of receivables, such as loans to employees or other types of loans. Merchandise receivables refer specifically to receivables related to the sale of goods or merchandise. Sales receivables is not a commonly used term in accounting.

Notes or Accounts Receivables That Result from Sales Transactions Are