Definition of Accounts Receivables
Definition of Receivables
The term receivables sometimes refers to a company's accounts receivables. However, the term receivables could include both trade receivables and nontrade receivables.
Nontrade receivables exclude accounts receivable and may appear on the balance sheet as other receivables.
Examples of Nontrade Receivables
Some examples of nontrade or other receivables include:
- Interest receivable
- Income tax receivable
- Insurance claims receivable
- Receivables from employees