Quiz 13

Accounts Receivable
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11 MCQs with the right answers
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Q1. Accounts receivable is _____.*

1 mark

long-term collectable

short-term collectable

permanent collectable

medium-term collectable

Q2. Accounts receivable are shown on _____.*

1 mark

contract account

balance sheet

trading account

profit & loss account

Q3. Accounts receivable are recorded in _____.*

1 mark

purchase order

purchase book

sales book

sales order

Q4. Accounts receivable is the amount to be collected from _____.*

1 mark

debtors

creditors

lenders

seller

Q5. Accounts receivable is a _____ asset.*

1 mark

fictitious

fixed

current

contingent

Q6. Accounts receivable is the money collectable because of _____.*

1 mark

cash purchases

credit purchases

credit sales

cash sales

Q7. 'Accounts Receivable A/C' is _____ when the sale is recorded.*

1 mark

credited

balanced

debited

not used

Q8. 'Accounts Receivable A/C' is _____ when money is received from customer.*

1 mark

credited

debited

not used

balanced

Q9. Accounts receivable is also called _____.*

1 mark

trade debtors

trade creditors

trade receivables

trade payables

Q10. Accounts receivable usually have _____ balance.*

1 mark

credit

debit

small

negative

Q11. Sales ledger control account (SLCA) is _____.*

1 mark

total trade creditors of a firm at a given time

total payable of a firm at a given time

total obligations of a firm at a given time

total trade debtors of a firm at a given time

Quiz 13 – Accounts Receivable

Quiz 13

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