Other Receivables
Accounting glossary · Understand, connect, apply
Other receivables are receivable amounts presented separately from ordinary customer trade balances because of their different nature.
Example
Interest receivable on a deposit or a refundable tax amount may be classified as other receivables.
Remember the difference
The label does not determine current/noncurrent status or measurement. Consider each balance’s terms and collectability.
Examples are simplified for learning. Where a term depends on US law, IFRS, US GAAP or a historical rule, check the context explained above and the requirements relevant to your course.
Study references: OpenStax financial accounting and managerial accounting. For reporting requirements, consult the applicable IFRS Standards or FASB guidance. US tax terms should be checked against the relevant tax-year IRS instructions.
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