A receivable is an amount due from another party. The two most common receivables are accounts receivable amd notes receivable. Other receivables include interest receivable, rent receivable, tax refund receivable, and receivables from employees. Accounting receivable are amounts due from customers for credit sales. This section begins by describing how accounts receivable occur. It includes receivables that occur when customers use credit cards issued by third parties and when a company gives credit directly to customers. When a company does extend credit directly to customers,