Difference between accounts receivable and notes receivable

Reference no: EM131819330

Question: 1. What is the difference between accounts receivable and notes receivable?

2. List some common examples of other receivables, besides accounts receivable and notes receivable.

3. What is a critical element of internal control in the handling of receivables by a business? Explain how this element is accomplished.

4. When dealing with receivables, give an example of a subsidiary account.

Reference no: EM131819330

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