Ask Question
21 March, 17:42

What type of receivable is evidenced by a formal instrument and normally requires the payment of interest? A trade receivable An account receivable Past-due accounts receivables A note receivable

+5
Answers (1)
  1. 21 March, 19:07
    0
    A note receivable

    Explanation:

    A note receivable is a composed guarantee to get a particular measure of money from another gathering on at least one future dates. This is treated as a benefit by the holder of the note. Past due records receivable are some of the time changed over into notes receivable, in this manner giving the indebted person more opportunity to pay, while additionally once in a while including an individual assurance by the proprietor of the account holder.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What type of receivable is evidenced by a formal instrument and normally requires the payment of interest? A trade receivable An account ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers