Which of the following is not one of the ways in which the asset 'other receivables' could be recognised?

Question

Quizplus · Accepted Answer

Prepaid insurance is not an example of other receivables. Other receivables refer to any type of money owed to a company that is not associated with its normal sales activities or trading operations. A loan to an executive director, sale of machinery on credit, and rent receivable are all examples of other receivables.

Which of the Following Is Not One of the Ways