Test your Accounts Receivable skills: Assess your proficiency with our assessment

Ready to transform your organization with Accounts Receivable? Take our free Accounts Receivable Assessment Test and identify your team's strengths and areas for improvement today.

Test Duration: 30 mins |
No of questions: 40 |
Level of experience: Beginner/Intermediate/Expert

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Accounts Receivable Online Test Summary

Accounts Receivable tests by Elite Learning is a scientifically designed assessment by our subject experts. This test evaluates an individual's skills and knowledge in Accounts Receivable . Employers can use the results to evaluate candidates proficiency in Accounts Receivable and make informed hiring decisions. Additionally individuals can use their test results to identify areas where they need to improve their skills and knowledge in Accounts Receivable .

Topics Covered In Accounts Receivable

Introduction to Accounts Receivable

Setting up customers for account receivable

Setting up account receivable to Post to the Balance Sheet

Creating an Accounts Receivable Account

Setting up the ledger interface for the accounts receivable account

Entering a customer invoice

Printing the invoice

Make the invoice permanent

Preparing Receipt voucher

Record Keeping

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Sample Questions for Accounts Receivable are:

Q. What is the purpose of the allowance for doubtful accounts in Accounts Receivable?

A. To reduce the Accounts Receivable balance

B. To track customer credit limits

C. To estimate and account for potential bad debts

D. To reconcile the Accounts Receivable ledger

Q. Which method of estimating bad debts uses a percentage based on historical data?

A. Aging of Accounts Receivable method

B. Direct write-off method

C. Percentage of sales method

D. Allowance method

Q. What is the impact on the allowance for doubtful accounts when using the allowance method to record bad debts?

A. Increase in the allowance for doubtful accounts

B. Decrease in the allowance for doubtful accounts

C. No impact on the allowance for doubtful accounts

D. Conversion of the allowance for doubtful accounts to Accounts Receivable

Q. How does the write-off of a specific customer's account affect the allowance for doubtful accounts?

A. Increases the allowance for doubtful accounts

B. Decreases the allowance for doubtful accounts

C. No impact on the allowance for doubtful accounts

D. Converts the allowance for doubtful accounts to Accounts Receivable

Q. Under the allowance method, how are estimated bad debts initially recorded?

A. As an increase in Accounts Receivable

B. As an increase in the allowance for doubtful accounts

C. As a decrease in Accounts Receivable

D. As a decrease in the allowance for doubtful accounts

Top Job Roles that need Accounts Receivable are:

Accountant

Accounting Supervisor

Assistant Finance Manager

Credit Manager

Entry-level Staff Accountant

Finance Associate

Finance Officer

Finance Specialist

Financial Accountant

Financial Controller

General Ledger Accountant

Junior Accountant

Project Accountant

Senior Accountant

Staff Accountant

Accounting Assistant

Accounting Associate

Accounting Clerk

Accounts Administrator

Accounts Assistant

Accounts Payable Clerk

Accounts Payable Processor

Accounts Payable Specialist

Accounts Receivable Analyst

Accounts Receivable Clerk

Accounts Receivable Manager

Accounts Receivable Processor

Accounts Receivable Coordinator

Accounts Receivable Supervisor

Accounts Receivable Specialist

Administrative / Office Manager

Assistant Accountant

Billing Analyst

Billing Specialist

Bookkeeper

Bookkeeping

Accounting

or Auditing Clerk

Billing Manager

Collections Manager

Collections Specialist

Credit / Collections Officer

Credit / Collections Manager

Credit Controller

Finance Assistant

Medical Biller

Medical Billing Specialist

National Credit / Collections Manager

Office Manager

Senior Medical Billing Specialist

Account Reconciliation Analyst

Account Executive

Senior Account Executive

Accounting Manager

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Top Related Skills to Accounts Receivable are:

tax preparation

cash handling

cash flow management

cost accounting

financial accounting

general ledger accounting

bookkeeping

tax compliance

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Frequently Asked Questions(FAQ)

The questions in the Accounts Receivable online test will be multiple choice and may cover topics such as Introduction to Accounts Receivable,Setting up customers for account receivable,Setting up account receivable to Post to the Balance Sheet,Creating an Accounts Receivable Account,Setting up the ledger interface for the accounts receivable account,Entering a customer invoice,Printing the invoice,Make the invoice permanent,Preparing Receipt voucher,Record Keeping

You can use the 3 hrs of learning content including 40 videos available on the EliteLearning platform to prepare for the Accounts Receivable online test.

Accounts Receivable test on the EliteLearning platform is an online proctored assessment and requires you to complete the test without any external help.

This test evaluates an individual's skills and knowledge of Accounts Receivable. It can also be useful for identifying areas that you need to improve upon, as well as for preparing for job interviews or certification exams in Accounts Receivable.

Yes, these tests can be used to demonstrate your knowledge and skills in Accounts Receivable for certification or job interviews. Job roles such as Accountant,Accounting Supervisor,Assistant Finance Manager,Credit Manager,Entry-level Staff Accountant require Accounts Receivable as a primary skill set

Yes. You can take the Accounts Receivable online test for free as part of the EliteLearning free plan.