What is the primary difference between accounts receivable and notes receivable?
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What is the primary difference between accounts receivable and notes receivable?
Accounts ReceivableAccounts 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...
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An account receivable is an amount owed to the busi...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-1259269868
5th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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