Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 26)
In accounting, what is a 'trade receivable'?
Money owed by the business to its suppliers.
Money owed to the business by its customers.
Cash in the bank.
Goods held for sale.
Explanation
A trade receivable is an amount owed to the business from its customers.
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