The two most common types of receivables are

Name: The two most common types of receivables are
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Accounts receivable and notes receivable are the two most common types of receivables because they are the most common ways for businesses to extend credit to their customers. Accounts receivable are amounts owed to a business by its customers for goods or services that have been sold on credit. Notes receivable are written promises to pay a sum of money at a future date.

The Two Most Common Types of Receivables Are