Trade receivables

A) occur when two companies trade or exchange notes receivables.
B) can be accounts receivable or notes receivable.
C) include employee advances.
D) do not result from the operations of the business.

Trade Receivables

amounts owed to a business by its customers for goods or services sold on credit.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit, expected to be collected in cash.

Notes Receivable

Financial assets representing amounts owed to the holder by the issuer that are supported by formal agreements or promissory notes.