Unformatted text preview: duration.
short A. Current Assets
d. Trade and Other Receivables – are collectibles from
customers, clients, and other persons for the goods ,
services or money given by the business.
d.1 Accounts Receivable – amount to be collected
in the future from customers or clients
d.2 Notes Receivable – amount to be collected
in the future from customers supported by a
promissory A. Current Assets
d.3 Interest Receivable – the amount of interest
collectible from Notes Receivable.
d.4 Advances to Employees – amount of cash
advance given to employee
d.5 Accrued Income – income earned but not
yet collected as of end accounting period.
yet A. Current Assets
d.6 Rent Receivable – amount to collected from
tenants for space rented
d.7 Dividend Receivable – expected divided to
received from investment in stocks.
d.8 other receivables A. Current Assets
e. Prepaid Expenses – these represent advance
payments for benefits or service to be received by
the business in the future. Examples are:
e.3 Supplies/Prepaid Supplies/Unused Supplies
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This note was uploaded on 04/12/2013 for the course ACCOUNTING 1-3 taught by Professor Mr.arnoldcolle during the Spring '12 term at De La Salle University.
- Spring '12