The Text Classifies Accounts Receivables into Which Broad Types

question 3

Multiple Choice

The text classifies accounts receivables into which broad types?

• A) Debtors, receivables, promissory notes
• B) Trade receivables, other receivables, sundry receivables
• C) Accounts receivable, bills receivable, other receivables
• D) Promissory notes, accounts receivable, prepayments

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Definitions:

Direct Exporting

The sale of products directly to customers or retailers in another country, without the involvement of intermediaries.

Increased Profits

A rise in the amount of net earnings gained from business operations after all costs have been subtracted.

Indirect Exporting

A form of exporting where a company sells its products to a third party, such as an export intermediary, who then sells the products in foreign markets.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, or artistic fields.