Characteristics of Receivables Homework Help

Characteristics of Receivables Assignment Help: the Best Online Homework Help
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What are Receivables and what are their Characteristic Features?
Receivables are the amounts due from customers on the account of sale of goods or services that have been performed, or as claim on loans.
Receivables can be categorized into two primary types:
a)    Trade Receivables, which are basically the open accounts of the customers where money is due after the sale of a good or performance of a service.
b)    Nontrade Receivables, where the payment is due but not with respect to sale of goods or services. Advance to employees, Dividends receivables are some examples of this kind.

The principle characteristics of receivables are:

  • The payments are fixed and measurable.
  • The term of maturity may or may not be fixed.
  • The trade does not take place in the active securities market.
  • Excluding a case of credit deterioration, the holder can significantly recover all of the investment.
  • The holder is not given any authority to control it until maturity.
  • Only a condensed notion of the entire topic has been provided here, but our Characteristics of Receivables Assignment Help team can assist you with a lot more.

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