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3 April, 05:55

Notes or accounts receivable that result from sales transactions are often called a. trade receivables b. nontrade receivables c. sales receivables d. merchandise receivables

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  1. 3 April, 08:33
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    A is the correct option.

    Explanation:

    The amount which is receivable by a business from the customers once it had delivered goods and services is known as Trade receivables. It is documented on invoices and summarized in accounts receivable aging targets. The collections staff used this report to collect overdue payments. Trade receivables are also in separate accounts as the receivable account which is classified as current assets.
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