Why is interest typically charged on notes receivable, but not on accounts receivable?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:00 AM

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Why is interest typically charged on notes receivable, but not on accounts receivable?

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A note is a legal document given by a borrower to a lender stating the timing of rep...View the full answer

Cornerstones of Financial and Managerial Accounting

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