Both Accounts Receivable and Notes Receivable represent claims that are expected to be collected in cash. True False

The ending balance on the bank statement seldom agrees with the balance in the checkbook.         True         False

When referring to a note receivable or promissory note a.the note cannot be factored to another party b.the note may be used to settle an account receivable c.the note is not considered a formal credit instrument d.the maker is the party to whom the money is due

How to compute the account receivable Turnover without the net credit sales nor the average account receivables ??