Final answer:
Trade accounts receivable are from sales on credit, while nontrade accounts receivable result from transactions like loans to employees. Nontrade should be listed separately on the balance sheet.
Step-by-step explanation:
Trade accounts receivable result from the sale of goods or services on credit to customers. They represent money owed to a business by its customers for products or services delivered. Nontrade accounts receivable, on the other hand, may originate from other kinds of transactions not related to the primary operations of the business, such as loans to employees or advances to suppliers. Nontrade receivables should be listed separately on the balance sheet to clearly distinguish them from trade receivables, which are directly related to the business's core operations.