The average no. of account receivable needs to be determined based on the information given in question. Concept introduction: Trade receivables are the amount owing to the company for goods sold on credit and the payment has not yet be made by them. Trade receivable are the current assets as the amount is realizable within one year.

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Chapter 7, Problem 11PA

Summary Introduction

Interpretation:The average no. of account receivable needs to be determined based on the information given in question.

Concept introduction:Trade receivables are the amount owing to the company for goods sold on credit and the payment has not yet be made by them. Trade receivable are the current assets as the amount is realizable within one year.

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