Asked by
Anandita Kakwani
on Nov 14, 2024
Verified
Other receivables include nontrade receivables such as loans to company officers.
Nontrade Receivables
Monetary claims against others that cannot be classified as trade receivables, often arising from financial transactions.
Loans
Sums of money borrowed that are expected to be paid back with interest.
- Distinguish trade receivables from other receivable forms.
Verified Answer
KG
Learning Objectives
- Distinguish trade receivables from other receivable forms.
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