Accounting



What is the difference between receivables and accounts receivable?

Accounts receivable are usually current assets that arise from selling merchandise or providing services to customers on credit. Accounts receivable are also known as trade receivables.

Receivables is the term that refers to both trade receivables and nontrade receivables.

Nontrade receivables are receivables other than accounts receivable. Some examples of nontrade receivables include interest receivable, income tax receivable, insurance claims receivable, and receivables from employees.

Learn more about Accounts Receivable.

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About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.

He is the author of the 2010 Master Accounting Download Package which has been praised for it's ability to simplify accounting in a way that anybody can understand.




Comments

14 Responses to “What is the difference between receivables and accounts receivable?”

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