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


total asset turnover exampleretained earnings on cash flow statementcalculate the total estimated bad debtseom meangearing ratio equationwhat is an adjusting entry in accountingprepaid rent journal entry adjusting entryintro to accounting quizgeneral journal adjusting entriessample ledger bookhow to prepare multi step income statementwhat is present value of an annuityaccounting journals and ledgersaccumulated depreciation examplerecording bad debt expense journal entrywhat is liquidity ratio formulapurchased supplies on account journal entryvoucher layout templatediscount allowed income statementgross margin templatezero coupon bond calculatorassets employed formulaallowance for doubtful accounts entrybookkeeping examformula for double declining depreciationthe rule of 78sexpense chart templatedifference between standard cost and standard costingaccounting balance sheet equationwhat kind of account is accumulated depreciationthe double entry system for assets liabilities and capitalinfinite cash flowrules of bank reconciliation statementaccounts payable internal control checklistprofitability index calculator financialtwo column journal entry accountingeffects of business transactions on the accounting equationbills receivable accountowners equity formulais prepaid rent an expenseaccrual prepaymentcost of goods sales formulabank reconciliation notes pdfstatement of comprehensive income formatpro forma journal entriesbad debts entry in balance sheetfactoring accountingdefine adjusting entriesdividend payout definitionare patents intangible assetsaccounting rate of return examplecashier balance sheethow to find net realizable valuegeneral ledger example accountingstandard costing and variancesobsolete and slow moving inventory definitionarr accounting rate of returnwhat are retained earningpredetermined factory overhead rateis notes payable a debit or credittime value of money calculator excel spreadsheetmarkup ratio formulaprepaid expenses accounting definitionentry for allowance for doubtful accountsreceivable turnover calculatorcalculate markup percenthow to calculate percentage of completion in excelaccount receivable template excel formataccounting journal entries templategearing formulaincome tax expense journal entrydso calculation examplehow to calculate percentage markupaccounting eqautionwhy trial balance is preparedaccounting cvp