Quiz 14: Accounts Receivable Test

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

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?
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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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Right!
5. The amount of cash expected to be collected from accounts receivable is called?
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Right!
6. A provision against accounts receivable for potential bad debts is credited to which account?
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Wrong
7.A provision for potential bad debts in accounts receivable is debited to which account?
Wrong
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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?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The accounts receivable test is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified April 10th, 2019 by Michael Brown

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 in 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 BSc from Loughborough University.

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