A(n)______ receivable is an informal credit arrangement with trade customers,whereas a(n)______ receivable is a formal signed credit arrangement between a creditor and a debtor.

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An account receivable is an informal credit arrangement with trade customers, where the customer buys goods or services on credit and pays the debt at a later date. A note receivable, on the other hand, is a formal signed credit arrangement between a creditor and a debtor, outlining the terms and conditions of the loan, including the repayment plan and interest rate. Revenue does not pertain to receivables and is not related to the credit arrangement type. Therefore, option A is the correct choice.

A(n)______ Receivable Is an Informal Credit Arrangement with Trade Customers,whereas