Please wait...
Contact Us
Need assistance? Contact us on below numbers

For Enquiry

10:00 AM to 7:00 PM IST all days.

Business Inquiry (North)

Business Inquiry (West / East / South)



Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this number


Mon to Sat - 10 AM to 7 PM

What do you understand by the term ‘trade receivable’?

Asked by Topperlearning User 7th June 2016, 10:32 AM
Answered by Expert

The term ‘trade receivables’ is the amount receivable for sale of goods or services performed in the ordinary course of business operation. It is the sum of debtors and bills receivable.  

  1. Debtor: A debtor is a person who receives a benefit without paying money immediately but liable to pay in future within a particular period of time.
  2. Bills receivable: Bill receivable is an exchange bill accepted by the debtor for the amount which will be received on a specified date. It is included in trade receivables because bill receivable replaces a debtor.
Answered by Expert 7th June 2016, 12:32 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Chat with us on WhatsApp