What are the Types of Receivables?

[Suba]

Receivables are rights/claims that individuals or companies have to other parties, whether individuals/companies, to receive money in the future as a result of past transactions. So for businesses, receivables do not only occur due to credit sales, which we know as trade receivables or accounts receivable. Apart from that, there are also notes receivable or notes receivable which are formal letters issued as a form of debt measurement. Both debts, both account receivable and note receivable, will be recorded on the balance sheet as current assets. There are also types of receivables that arise not from business operational activities, such as interest receivables, receivables resulting from the sale of securities, machinery, and other fixed assets. Other receivables will be recorded as non-current assets.

 

[neku]

A large number of indian citizens may be having receivables from Binance because the url is blocked in India without much notice. Similarly I have receivables from CoinDCX because they are not releasing the approx. $6 which I received without the national id of the sender, falsely claiming that the national id is required to prevent money laundering.

 

[Suba]

That's true, almost all crypto exchanges require a national ID, including Binance, I even had to take a photo of the ID card in front of my face. Binance mobile apps in my country have also been removed.

 

[Starmix]

I always encounter the word receivables when I worked part time in a Life Plan company. The cashier was well versed being a graduate of BS Accountancy.

 

[Suba]

Is the Life Plan company an insurance company, even though it is receivable, it is not yet in contact with the cashier because it is not yet in the form of cash unless it has been paid and will be received by the cashier.

 

[Starmix]

Is the Life Plan company an insurance company, even though it is receivable, it is not yet in contact with the cashier because it is not yet in the form of cash unless it has been paid and will be received by the cashier.

That's right the cashier just mentioned the receivables despite not yet on hand.