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

Question

Quizplus · Accepted Answer

Notes receivable is a specific type of receivable and would not be classified as an "other receivable." "Other receivable" typically refers to a catch-all category for any type of receivable that does not fit into a more specific category, such as accounts receivable or notes receivable. Advance to an employee, refundable income tax, and interest receivable are examples of other types of receivables that could be classified as "other receivables."

Which of the Following Receivables Would Not Be Classified as an "Other