Answer:
True
Step-by-step explanation:
- The accounts receivable is legally enforced for claims of payments held by a business of good supplies and services rendered that the customers have ordered are in the forms of invoices raised by a business and delivered to the customer's Ex of the balance sheets.
- Notes receivable represent the claims for the firm instruments of the credit as evidence of the debit such as the P notes needed by the debtor to pay the interests. Both are expected to be collected in cash and when the receivable is sold to other companies that are said to be factoring.