What are the three classifications of receivables?



Answers:
Classification of Receivables:

1. Accounts Receivable—used for selling merchandise or services on credit, and usually expected to be collected contained by a relatively short time of year.
2. Notes Receivable—used to give in credit on the foundation of a formal instrument of credit, call a promissory facts.
3. Other Receivables—include interest receivable, taxes receivable, and receivables from officer and body.

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