Trade Notes and Accounts Receivable is a type of business asset that represents money owed to a company from customers or other businesses. It’s typically used as collateral to secure loans, lines of credit, or other financial transactions. Companies also use Trade Notes and Accounts Receivable to track debts owed to them, monitor when they’re due, and take appropriate action if they’re not paid on time. The value of Trade Notes and Accounts Receivable is determined by the amount of money owed, minus any adjustments for bad debts. Understanding this asset can help companies make sound decisions about their finances and borrow the resources necessary for future growth.