The word ‘receivables’ includes-

The correct answer is C. Trade debtors and bill receivable.

Trade debtors are amounts owed to a company by its customers for goods or services that have been sold on credit. Bill receivable is a document that acknowledges a debt and promises payment at a future date.

Trade creditors are amounts owed by a company to its suppliers for goods or services that have been purchased on credit. Bill payable is a document that acknowledges a debt and promises payment at a future date.

Therefore, the word ‘receivables’ includes trade debtors and bill receivable, but not trade creditors and bill payable.

Here is a more detailed explanation of each option:

• Option A: Trade creditors only. This is incorrect because trade creditors are amounts owed by a company to its suppliers for goods or services that have been purchased on credit. This is not the same as receivables, which are amounts owed to a company by its customers.
• Option B: Trade debtors only. This is incorrect because trade debtors are amounts owed to a company by its customers for goods or services that have been sold on credit. This is not the same as receivables, which can also include bill receivable.
• Option C: Trade debtors and bill receivable. This is the correct answer because trade debtors and bill receivable are both types of receivables.
• Option D: Trade creditors and bill payable. This is incorrect because trade creditors and bill payable are both types of payables. Payables are amounts owed by a company to its suppliers and other creditors. This is not the same as receivables, which are amounts owed to a company by its customers.