Accounts Receivable Quiz


  • Accounts Receivable
  • Quick Multiple Choice Quiz, Test Yourself!
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Accounts Receivable is an obligation of a business that originates because of purchases made on credit.
True
False

Correct!

Oops!

Accounts receivable is a _________.
Short-Term Liability
Short-Term Asset

Correct!

Oops!

Accounts Receivable is also known as __________.
Trade Creditors
Trade Debtors

Correct!

Oops!

Under which head of the balance sheet are Accounts Receivable shown?
Current liabilities
Current Assets
Long-Term Liabilities

Correct!

Oops!

A _________ is an internal document issued by a business to the customer.
Credit Note
Debit Note
Purchase Order
Sales Order

Correct!

Oops!

Accounts Receivable should be collected from the customer within _________.
30
60
90
Agreed Period of Time

Correct!

Oops!

Accounts Receivable process is also known as _________ in larger corporations.
O2R (order to receivables)
O2C (order to cash)
R2R (Record to Report)

Correct!

Oops!

Accounts Receivable effects the __________ of a company.
Working Capital
Credibility
Goodwill

Correct!

Oops!

Accounts Receivable affects the current ratio of a company.
True
False

Correct!

Oops!

Accounts Receivable is also known as Notes Receivable.
True
False

Correct!

Oops!

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