General Motors Company has accounts receivable and notes receivable. How should the receivables be reported on the

Question:

General Motors Company has and notes receivable. How should the receivables be reported on the balance sheet?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...