Quiz 14: Accounts Receivable Test | Double Entry Bookkeeping

Take our accounts receivable test quiz to check out your knowledge of accounts receivable used in double entry bookkeeping.

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

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4. Suppose an invoice is issued for 1,000 1% 10 days, net 30 terms. What is the discount if paid in 9 days?

5. The amount of cash expected to be collected from accounts receivable is called?

6. A provision against accounts receivable for potential bad debts is credited to which account?

7.A provision for potential bad debts in accounts receivable is debited to which account?

8. To receive a cash payment from an account customer you debit or credit accounts receivable?

10. When an accounts receivable previously provided for is written off, which account is debited?

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About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.

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