Asked by

Johanna Marie
on Nov 14, 2024

verifed

Verified

Which of the following receivables would not be classified as an "other receivable"?

A) advance to an employee
B) refundable income tax
C) notes receivable
D) interest receivable

Other Receivable

Amounts owed to a company by entities other than customers, such as tax refunds, advances to employees, or other companies.

Employee Advance

A prepayment to employees by a company, often covering travel expenses or payment before the regular payroll date.

Notes Receivable

Claims held by a party for payments due from debtors, usually evidenced by a formal instrument of indebtedness such as a promissory note.

  • Differentiate trade receivables from various types of receivables by examining their origin and how they are handled in the accounting records.
verifed

Verified Answer

PH
Princess HodgesNov 16, 2024
Final Answer:
Get Full Answer