Question

Accounts receivable f. The right to receive cash in the future from customers for goods sold or for services performed. 2. Other receivables e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. 3 Debtor b. The party who receives a receivable and will collect cash in the future. 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date d. The date when the note receivable is due. 6. Creditor

Answer 1

1. Account receivable.

2. Other receivables.

4. Notes receivable.

5. Maturity date.

Step-by-step explanation:

1. Account receivable: the right to receive cash in the future from customers for goods sold or for services performed. Accounts receivable can be defined as an account which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.

2. Other receivables: a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.

3. Debtor: the party who receives a receivable and will collect cash in the future.

4. Notes receivable: a written promise to pay a specified amount of money at a particular future date.

5. Maturity date: it is the date when the note receivable is due.