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Accounts Receivable/Billing Fundamentals Test

Our Accounts Receivable/Billing Fundamentals (U.S.) test is part of our accounting fundamentals line of tests. These shorter (30 item) tests measure your knowledge of processing receivables and invoices. Designed for accounting clerks and others who handle the processing of accounts payable, this test covers the following topics: A/R Principles, Applying Cash, Bad Debt/Collections, Cash Flow, Credit, General Ledger, Invoicing, and Reconciliation of Customer Accounts. You will need a calculator when taking this exam.

Scope of the Online Accounts Receivable/Billing Fundamentals Test

A/R Principles
Internal Controls
Applying Cash
Full Payments
Partial Payment
Special Situations
Use Of Credit Cards
Bad Debt/Collections
Accounting For Bad Debt
Collection Agencies
Contacting Customers
Cash Flow
Effect Of Policies On
Strategies For Improving
Contacting References
Credit Terms
Reading Customer Reports
Understanding Outside Credit References
General Ledger
Applying Sales And Cash To General Ledger
General Understanding
Calculating Discounts
Partial/Progress Billing
Product Invoicing
Service Invoicing
Shipping And Tax
Special Situations
Reconciliation Of Customer Accounts
Reconciliation Of Customer Accounts


40 minutes.

Assessment Method of Questions

Multiple choice questions

Each question has between 2 and 8 options out of which 1 or more may be correct.

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Related Professions

Office Manager, Bookkeeper, Financial Analyst


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