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Trade receivables arising in normal course of business but other receivable is not.

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What is the difference between Receivable and account Receivable?

Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif


What is the difference between trade receivables and creditors?

Trade receivable is that amount which is receivable from customers to whom company sold goods on credit while credits are those from whom company purchased goods on credit.


Is income tax receivable a trade receivable?

nontrade


What is trade receivable?

The term trade receivable refers to the amounts due to a business following the sale of goods or services to another company. It is a subcategory of Accounts Receivable. Trade receivables are considered a current asset on a company's balance sheet, as they can be readily converted into cash.


What is the difference between accounts receivable and bills receivable?

Hi, Let me describe in detail. For Example Mr. A has purchased some goods from Mr. B worth 500 $ and Mr. A has written a legal document (Called bill of exchange) on Mr. B that he will pay to him 500 $ on a particular date and Mr. B has accepted it. This document (i.e. Bill) is a Bill receivable for Mr. A and Bill Payable for Mr. B. Now on the other hand all the credit sales are not made only on behalf of bills of exchange, some amount of sales is without bills which are called Trade Debtors. Accounts Receivables is the total sum of Bills Receivables and Trade Debtors, I Think it has answered your questions. - Thanks

Related Questions

What is the difference between Receivable and account Receivable?

Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif


What is the difference between trade receivables and creditors?

Trade receivable is that amount which is receivable from customers to whom company sold goods on credit while credits are those from whom company purchased goods on credit.


Is income tax receivable a trade receivable?

nontrade


What is trade receivable?

The term trade receivable refers to the amounts due to a business following the sale of goods or services to another company. It is a subcategory of Accounts Receivable. Trade receivables are considered a current asset on a company's balance sheet, as they can be readily converted into cash.


Why might a business prefer a note receivable to an account receivable?

The main difference is: An account receivable is an account that is expected to be paid off in one year or less making it a current asset. A note receivable is generally used for any account that.Accounts Receivable and Notes Receivable are very important to a company. These two accounts will show money that is owed to a company and they increase said company's assets. Investments shows money.Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivables.


What is the difference between Free trade and protection from trade?

the answer is banana


What is a protected tariff intened to protect?

The difference between money paid to, and received from, other nations in trade is the


What is the difference between fair trade and unfair trade products?

d


What is the difference between a single trade discount and trade discount series?

What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]


What is the difference between international trade and external trade?

International trade is trade between two or more countries, while external is a trade in another country.


Difference between international trade and local trade?

International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.


Difference between bileteral trade and multilateral trade?

one is multilateral one is bilateral

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