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

Question

Quizplus · Accepted Answer

Trade receivables refer to notes or accounts receivables that result from sales transactions. They are expected to be collected within a short period of time, usually 30-60 days, and are considered an important part of a company's current assets. Option A, B, and D are not commonly used terms in accounting for receivables.

Notes or Accounts Receivables That Result from Sales Transactions Are