The correct answer among the various given choices is letter d. From the choices, accounts receivable is the most appropriate described as oral promises to the entity to receive cash at a later date. Notes Receivable will not be an option because it is usually in a written agreement between the buyer and vendor/ seller.ACCOUNTS RECEIVABLE
Accounts Receivable is an asset which is classified under current asset that is intended to be collected by the business from customers within the ordinary course of business or within 1 year.Accounts receivable exist due to the business as a seller granted a credit to a customer. Credit term and due date usually is stated in the invoice given to the customers.Accounts Receivable Category
Accounts receivable can be categorized in two categories:trade receivablenon-trade receivable
For the related topic about bad debts expense
In accounting, the other assets is considered as non-current asset as it is not usable or convertible in cash in 1 year or operating cycle of the business
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