Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 34 - No. 27)

What type of account is 'Trade Receivables'?

Liability

Expense

Asset

Equity

Explanation

Trade receivables represent the amount of money owed to the business by customers for goods or services supplied on credit, and therefore are an asset.

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 34 - No. 27)

Explanation

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