Q 8
Q 8.35:
Credit sales result in the creation of _ accounts receivable _______ for the company. Q 8.36:
Which of the following is true of accounts receivable and notes receivable? Both accounts receivable and notes receivable represent claims that a company expects to receive in cash.
Q 8.37:
Notes receivable are written promises that are considered formal instruments of credit
Q 8.38:
Another name for trade receivables, which result from sales transactions, is accounts receivable
Q 8.39:
Trade receivables are accounts receivable that result from sales transactions TRUE
Q 8.40:
Notes receivable are evidenced by a formal instrument of credit.
Q 8.42:
The category "other receivables" includes
Q 8.43:
A note receivable is evidenced by a formal instrument of credit because it is a written promise to pay an amount owed Q 8.44:
Which of the following would be classified as "other receivables"? advances to employees
Q 8.45:
Interest receivable, income taxes refundable, and advances to employees are examples of other receivables
Q 8.49:
What is another name for trade receivables? accounts receivable
Q 8.50:
Credit sales result in the creation of accounts receivable for the company.
Q 8.55:
All of the following would be classified as an "other receivable" EXCEPT trade receivables
Q 8.56:
A written promise of amounts to be received as the result of a sales transaction, a note or account receivable is often called a trade receivable
Q 8.58:
Notes or accounts receivable that result from sales transactions are often called trade receivables. Q 8.59:
Which of the following are the result of credit sales to a company? Select all that apply.
*accounts receivable
*notes receivable
Q 8.60:
Notes or accounts receivable that result from sales transactions are often called merchandise receivables. false Q 8.62:
Cash sales are examples of accounts receivable False
Q 8.63:
Which of the following statements about accounts receivable is
Credit sales result in the creation of _ accounts receivable _______ for the company. Q 8.36:
Which of the following is true of accounts receivable and notes receivable? Both accounts receivable and notes receivable represent claims that a company expects to receive in cash.
Q 8.37:
Notes receivable are written promises that are considered formal instruments of credit
Q 8.38:
Another name for trade receivables, which result from sales transactions, is accounts receivable
Q 8.39:
Trade receivables are accounts receivable that result from sales transactions TRUE
Q 8.40:
Notes receivable are evidenced by a formal instrument of credit.
Q 8.42:
The category "other receivables" includes
Q 8.43:
A note receivable is evidenced by a formal instrument of credit because it is a written promise to pay an amount owed Q 8.44:
Which of the following would be classified as "other receivables"? advances to employees
Q 8.45:
Interest receivable, income taxes refundable, and advances to employees are examples of other receivables
Q 8.49:
What is another name for trade receivables? accounts receivable
Q 8.50:
Credit sales result in the creation of accounts receivable for the company.
Q 8.55:
All of the following would be classified as an "other receivable" EXCEPT trade receivables
Q 8.56:
A written promise of amounts to be received as the result of a sales transaction, a note or account receivable is often called a trade receivable
Q 8.58:
Notes or accounts receivable that result from sales transactions are often called trade receivables. Q 8.59:
Which of the following are the result of credit sales to a company? Select all that apply.
*accounts receivable
*notes receivable
Q 8.60:
Notes or accounts receivable that result from sales transactions are often called merchandise receivables. false Q 8.62:
Cash sales are examples of accounts receivable False
Q 8.63:
Which of the following statements about accounts receivable is