Trade accounts receivable means

Trade accounts receivable means

Debtor (Receivable) means a person who is subject to a claim from a "creditor" for settlement in cash. or other assets with agreement and is expected The debt will be paid in full when the payment is due in various installments. The debtor is classified as an asset of the business. that can be shown in the financial statements

There are 2 types of debtors:

Type 1 Trade Receivable

means accounts receivable arising from business operations There will be different account names depending on the type of business such as commercial banking business. Loans Interest receivable from insurance business, etc.

Type 2 Other Receivables (Other Receivable)

means receivables that are not arising from business operations or debtors arising from other types of trade other than sales of goods or services, such as loans, deposits, accrued income claim rights, etc.

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