Explain how each of the following factors affects the classification of a receivable: (a) The form of

Question:

Explain how each of the following factors affects the classification of a receivable:

(a) The form of a receivable,

(b) The source of a receivable, and

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...