Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 7, Problem 4DQ
To determine

Note receivable:

It refers to the amount that is to be received by a company from a third party on a promise to pay at any specified future date.

Accounts Receivable:

It refers to the amount that is to be received by a company for providing goods and services on credit. It is an asset account.

To explain: The reasons of preference of note receivable over accounts receivable.

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Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card

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