Accountıng I Deneme Sınavı Sorusu #1313630
Which of the following refers to the main difference between an accounts receivable and a notes receivable?
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In Accounts Receivable, the company collects cash later than in Notes Receivable. |
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In Accounts Receivable, customers' promise for future payment is held. |
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Accounts Receivable is more based on future rental payments than Notes Receivable. |
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In Notes Receivable, the company collects cash for services it provided. |
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Notes Receivable is more formal than Accounts Receivable. |
Yanıt Açıklaması:
Notes Receivable. A note receivable is similar to an account receivable, but a note receivable is more formal than Accounts Receivable because the customer signed a formal note. Notes receivable usually includes interest. the correct answer is E.
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