Quiz 14: Accounts Receivable Test

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

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1. Is accounts receivable an asset?
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2. What are accounts receivable?
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3. If a sale is made to a customer on credit, the account credited is?
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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?
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5. The amount of cash expected to be collected from accounts receivable is called?
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6. A provision against accounts receivable for potential bad debts is credited to which account?
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7.A provision for potential bad debts in accounts receivable is debited to which account?
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8. To receive a cash payment from an account customer you debit or credit accounts receivable?
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9. Accounts receivable is used in which ratio?
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10. When an accounts receivable previously provided for is written off, which account is debited?
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Quiz 14: Accounts Receivable Test December 14th, 2016Team

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