Quiz 14: Accounts Receivable Test

Take our accounts receivable test quiz to check out your knowledge of accounts receivable used in mdct.ru.

Not Ready for the Accounts Receivable quiz?

If you need a refresher course on this topic you can view our tutorials on the accounts receivables here.

Start the Accounts Receivable Test

Click on an answer to reveal whether its Right! or Wrong

1. Is accounts receivable an asset?
Wrong
Right!
2. What are accounts receivable?
Right!
Wrong
3. If a sale is made to a customer on credit, the account credited is?
Right!
Wrong

4. Suppose an invoice is issued for 1,000 1% 10 days, net 30 terms. What is the discount if paid in 9 days?
Wrong
Right!
5. The amount of cash expected to be collected from accounts receivable is called?
Wrong
Right!
6. A provision against accounts receivable for potential bad debts is credited to which account?
Right!
Wrong
7.A provision for potential bad debts in accounts receivable is debited to which account?
Wrong
Right!
8. To receive a cash payment from an account customer you debit or credit accounts receivable?
Right!
Wrong
9. Accounts receivable is used in which ratio?
Right!
Wrong
10. When an accounts receivable previously provided for is written off, which account is debited?
Right!
Wrong

Try Another mdct.ru Quiz

The accounts receivable test is one of many of our online quizzes which can be used to test your knowledge of mdct.ru, discover another at the links below.

Quiz 14: Accounts Receivable Test December 14th, 2016Team

You May Also Like


Related pages


restaurant accounting chart of accountsperpetuity and annuityjob costing excelaccount receivable journal entries adjusting entriesdeferred tax liabilities exampleprepaid expenses meanssales discounts on income statementstraight line method amortizationlabour efficiency variance formulapayback calculation examplenormal balance of accounts receivableledger paper templatehow to calculate gp percentagebad debts entry in balance sheetjournal entry for withholding taxdebtors balance sheetjournal entry of provision for bad debtspre operating expenses accounting treatmentinterest accrued on notes payable adjusting entrytemplate for vouchersissuing stock journal entryfifo calculationsroa dupontcalculate actual manufacturing overhead costshow to record depreciation expense in journal entrydefine deferred incomeperpetuity with growthbookkeeping formulaeom meaningvoucher format for expenseslifo reserveinternal controls accounts payablefifo costing methodaccounting debit credit cheat sheetcompute the depreciation cost per unitimpairment loss on intangible assetswarranty expense journal entrygross markup formulavariable overhead efficiency variancedebit credit accounting chartadjusting entries worksheet examplesoutstanding cheques bank reconciliationeffective interest rate method of amortizationcompute times interest earnedformula for calculating gross profitsupplier reconciliation templateinventory quizpayroll journal entriesjournal entry to record deferred revenuedepreciation definition wikipedialabor efficiency ratemanufacturing overhead cost applied to work in processclosing stock trial balancecalculating a mortgage payment formulapayroll journal entrieshow to calculate mark upcheque wikinormal balance of accumulated depreciationunearned revenue isfreight fob destinationadvantages of payback period methodmarkup in accountingaccrued interest on notes receivablejournal entry template excelfinance lease accounting journal entriesvariable overhead volume varianceaccounting for sales returnsformula for turnover ratiodebits and credits testgearing calculation formuladeferred revenue in balance sheetstockholder equity accountsaccounts payable ledgerscrap disposal format