Do Both Accounts Receivable and Notes Receivable represent claims that are expected to be collected in cash.?

Yes, both Accounts Receivable and Notes Receivable represent claims that a company expects to collect in cash. Accounts Receivable arises from the sale of goods or services on credit, while Notes Receivable typically involves formal written promises to pay, often with interest. Both are considered assets on the balance sheet, reflecting the expectation of future cash inflows.