Examlex
Match each term with the correct statement below.
-A base class
Trade Receivables
Sums due to a business from its clients that stem from selling products or services on account.
Exchange Notes
Financial instruments representing an agreement between parties to exchange interest payments or currency values over a set period.
Direct Write-off
An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed irrecoverable.
Net Realizable Value
The estimated selling price of an item of inventory less any direct costs of disposal, such as sales commissions.
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