Explain meaning of trade receivables. – InterviewSolution

InterviewSolution

1.	Explain meaning of trade receivables.
Answer» Trade Receivables: Trade receivables refer to the amount receivable on account of sale of goods or services rendered by the company in the normal course of business. They are classified as current assets if the amount is expected to be realised within a period of 12 months from the date of balance sheet or within the operating cycle of the business.

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