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Receivables are those specific credit lines that are payable by the customers after purchasing a goods or service by the law. The company lets this account to exist to thehaphazard process of paying each time after a business transaction.
But you’ll find from Characteristics of Receivables Assignment Help that it is only available for those customers that have a sure connection of trust build up with the organization.
What is it?
It is a collectible account from clients who have purchased or acquired a service. The goods or service has already been delivered and lawfully collected by the company. The fact is that not just customer but other parties also who are involved in thesale of merchandises can be part of this accounts receivables.
From Characteristics of Receivables Assignment Help at 24x7assignmenthelp.com, you’ll notice that more or less it is a claim of money which is lent to some other party involved with the company.
What are the types?
There are basically two types of receivables:
From Characteristics of Receivables Homework Help, you’ll find this is the general version of receivables where money is claimed from customers who have purchased a service or goods. It is performed in ordinary businesses where that company is yet to obtain the due payments. Commonly this is called accounts receivables or notes receivables.
As you can find by its name, these are receivables that are not connected with selling goods or services. The common examples are:
Characteristics of receivables:
You’ll notice from Characteristics of Receivables Homework Help that to understand receivables more clearly learning its characteristics is very important.
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