... between the market price and the historical cost (also called as book value) remains unrealized until the securities are sold. I.3. Receivables Receivables include all money claims against people, organizations or other debtors. Accounts Receivable Receivables originating from sales of products or services on a credit basis. Notes Receivable Money claims related to promissory notes (or simply notes). A promissory note is a written promise by the maker (payer) to pay a sum of money on demand or at a definite time to the payee. The reason why the payee accepts a note instead of payment is interest. Face value of the note + Interest on the note = Maturity value The interest rate is usually stated as yearly interest. The calculation of interest on a given time interval: Principal * Interest Rate * Time =Interest Example. Our firm accepted a note instead of a $ 3,000 payment on 1 March. The term of the note is 90 days, the interest rate ...

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